India Textile Market Is Booming

TEXMAC INDIA is a world-class exhibition of India's international textile machinery industry.

The first exhibition was held in 2007, thus establishing its position as an international exchange platform in the textile industry of India. It is also the only international textile machinery exhibition held in India in the past 4 years.

At the last exhibition, more than 60 Chinese textile machinery enterprises exhibited in the form of national exhibition group, and achieved good results.

According to the Munich international exhibition company, one of the organizers of the exhibition, India holds many textile industry exhibitions every year, but there is no professional textile machinery exhibition yet.

In contrast, "TEXMAX INDIA" is a very professional exhibition with a very clear theme.

The exhibition is expected to have an exhibition area of over 10 thousand square meters, and 300 exhibitors will come from China, Germany, Italy, Japan, Spain, South Korea, Switzerland, the United States and other important textile and textile machinery production areas, including textile, spinning,

The exhibition also received the India textile industry.

India is the most attractive developing market in Asia and even the whole world, and this dominant position will continue to be maintained in the future.

The textile industry occupies an important position in India's economy. The textile industry accounts for about 4% of India's total industrial output value, 14% of industrial output and 12% of its export earnings, and second of India's employment sector.

In 2010, India had 1860 textile factories. By 2015, the India textile market is expected to double to 79 billion 400 million euros, and the export volume of textiles is expected to double to 34 billion 100 million euros.

Before 2015, India's investment demand for textile machinery amounted to 30 billion 300 million euros.

The rapid expansion and modernization of textile production equipment increased the demand for high-level textile machinery in India.

The India government provided investment subsidies for new textile machinery procurement, and the technology upgrading fund project (TUFS) was extended to 2012.

Under various favorable conditions, India textile enterprises generally plan to invest in new technology and update modern textile machinery to increase production capacity.

It is understood that China's spinning machinery, textile machinery, knitting machinery and other textile machinery imported in India occupies an important position, and has great market potential in India.