The United Nations has predicted that the world economy will bounce back in 2010 with a global growth rate of 2.4 per cent. It has also highlighted that economic growth in 2010 will be strongest in developing countries, particularly in China and India, which are expected to grow at 8.8 and 6.5 per cent respectively.
At ITMA ASIA + CITME 2010, Chinese manufacturers make up the biggest country group, booking almost 50 per cent of the space, with European and Japanese manufacturers taking more than 35 per cent. In terms of sectors, spinning forms the largest, constituting around 30 per cent of the exhibit space, followed by finishing (25 per cent), knitting, garment making and textile processing (20 per cent) and weaving (15 per cent). India has a strong exhibitor presence at the show and major Indian Textile machinery manufacturing including Lakshmi Machine Works, Tex Tech Industries, Sarex Overseas, Lakshmi Ring Travellers, Mahalaxmi Rubtech, Perfect Equipments, Super Tex Industries, Precision Rubber Industries Simta Clear Coats, Prashant Gamatex etc. are exhibiting at the show.
The India Visitor Promotion road shows kicked off in Indore on 23 January 2010 and is being organised in Amritsar today. The Road Show is covering all major cities such as Ahmedabad, Surat, Coimbatore, Erode, Tirupur, Madurai, Amritsar, Ludhiana, Panipat before it concludes in Bhilwara. The road shows will give a good opportunity to Indian textile machinery buyers to meet and interact with ITMA ASIA + CITME 2010 organizers and finalise their plans for visiting the mega event.
Speaking to the press, Mr. Sooraj Dhawan, spokesperson for the ITMA ASIA + CITME 2010 show authorities said, “ No other exhibition in China has the support of CEMATEX or CTMA, and India is a priority visitor market for us.”
“ITMA ASIA + CITME 2010 event shall offer Textile machinery buyers from India the largest range of machineries from all over the world and they will have the opportunity to check live performance before confirming their purchase decisions”, added Mr. Dhawan.”
ITMA ASIA + CITME 2010 authorities have planned a series of Indian Visitor promotion activities which include Advertisements in Trade Publications, Web based promotion and a 12 city road show spanning all over India.
The India Visitor Promotion road shows are being organized in association with Orbitz Corporate and Leisure Travels India Pvt Ltd. and Mr. Neeraj Dev from Orbitz added, “ The road shows have given a good opportunity to Indian textile machinery buyers to meet and interact with ITMA ASIA + CITME 2010 organizers and finalize their plans for visiting the mega event. We have created very attractive travel packages for Indian visitors and expect over 1500 Indian visitors to join our ITMA ASIA + CITME 2010 delegation.”
The ITMA ASIA + CITME 2010 show is jointly owned by the European textile machinery association CEMATEX and a Chinese consortium (CCPIT sub-council of Textile Industry, CTMA - China Textile Machinery Association -, and CIEC - China International Exhibition Centre Group Corp.). The partnership brings together the technological power of the CEMATEX countries in Europe and the massive market for textile innovation provided by Chinese textile producers.
ITMA ASIA + CITME 2010 is organised by Beijing Textile Machinery International Exhibition Co Ltd and co-organised by MP International Pte Ltd. For more information, please visit: www.itmaasia.com, www.citme.com.cn
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