India Textile Machinery Professional Exhibition: China'S Manufacturing Advantage

2009 India Textile Machinery Exhibition (TEXMAC) is the first world-class professional exhibition of international textile machinery industry in India. It will be held in India New Delhi PRAGATIMAIDAN Exhibition Center in from April 15 to 18, 2009.

The exhibition is sponsored by the German Munich Exhibition Company and co organized by the India Textile Federation (CITI).

It is worth noting that the Organizing Committee of the exhibition hopes to attract more Chinese enterprises to participate in the 2009 India IGATEX exhibition.

According to the responsible person of the organizing committee, the growth rate of India's economy has been amazing in recent years. In the Tenth Five Year Plan (2002-2007 years), the GDP growth rate is expected to be 8%.

The textile and garment industry occupies an absolutely important position in India's economy, accounting for about 3% of GDP growth and about 24% of the total value of foreign trade.

The reform of the economic system has made India's textile industry a huge potential market. The India textile department introduced the 1999-2007 year technical pformation fund plan and invested in the technological pformation of the textile industry department.

Imports of textile machinery in India increased from US $462 million in 2003 to US $650 million in 2004, an increase of 40%.

Since the EU and the United States removed the quota quota of textiles imported from India in January 2005, the import tariff of textile machinery in India has been reduced by 10%. The government of India has invested preferential policies in the textile machinery industry, making the market demand for textile machinery more and more prosperous.

India textile enterprises generally plan to upgrade their production capacity by investing in new technology and upgrading modern textile machinery.

For the international textile machinery suppliers, the growth of textile demand in India will bring about a huge market.

According to experts, China's textile machinery products, such as spinning, dyeing and finishing, knitting, weaving, garment making and embroidery processing machinery, have great market potential in India. At present, China's textile machinery products have begun to enter the knitting, weaving and garment market of India.

The textile machinery made in China has a great advantage in India because of its high quality and low price.

The head of the Organizing Committee of the exhibition said that the scale of exhibitors of Chinese enterprises in 2009 India IGATEX exhibition will exceed 1000 square meters.