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Follow on Google News | Jumac received a tremendous response at CAITME 2018-TashkentBy: Jumac Spinning Can The decision to participate at CAITME 2018 Tashkent is a step in the right direction. CAITME is the main exhibition of equipment and technologies and light industry, with 473 companies participating from 24 countries and sending 9000 professional representatives including top managers and experts of textiles from all over the Central Asian region. Jumac – the pioneer in spinning can manufacturing in India – received an unprecedented response at the event where its presence in more than 18 countries across 5 continents drew the attention of various business leaders and stakeholders. Its strategy to leverage on skill, scale and speed along the lines of Make in India initiative generated keen interest in the product line and the capacity to handle everything in- house that enabled full control and monitoring of the process. CAITME 2018 was a key success for participating companies as it is the largest professional exhibition in Central Asia and CIS with the active support of industrial associations, with over 95% visitors recognised as industry experts. Textile equipment – machinery for spinning – and technologies were also presented along with other product range. Uzbekistan&# developing industries. There are more than 7000 enterprises operating in the light industry. The volume of domestic processing of cotton fibre has gone up from 7% in 1991 up to more than 60% in 2017. According to industry experts, this share is projected to reach 100% after 2020. This augurs well for the spinning can business. Attracting new investments in combination with effective business management, the operation of the most advanced equipment and technologies are the prime reasons for the development and strengthening of export potential of Uzbekistan&# industry. In the years ahead, it will support the needs and demand in the modern high- quality production and processing equipment and technologies from the world' manufacturers and brands. Till 2017, the industry has attracted more than $ 2.5 billion of foreign investment. Jumac has through its participation ensured its readiness to play a transformative role. Its portfolio has drawn the attention of several big players and the overall response has been tremendous in terms of creating a buzz at the prestigious event. This is likely to advance the overseas interests and strengthen its hold in the Central Asian region that has a huge demand for spinning cans for the textile industry. The coming months will witness the signing of major pacts and thereby give a big push to the manufacturing behemoth. FOr more info visit : http://www.jumaccans.com End
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