Growing demand for Italian textile machinery in India
16th April 2012, Milan
ACIMIT, the Association of Italian Textile Machinery Manufacturers, is organizing two important workshops in Mumbai and Ichalkaranji, India, in order to respond to strong demand for Italian technology from the local textiles industry.
According to the Milan headquartered organisation, India is the world’s second largest market in terms of value for textile machinery imports, amounting to 1.11 billion Euros and Italian technology is especially in demand. Sales of Italian textile machinery to India amounted to 133 million Euros in 2011, a 19% increase compared to the previous year.
“Our companies have been observing developments in India for some time now,” said Sandro Salmoiraghi, President of ACIMIT.
“Business opportunities have multiplied, particularly in recent years, owing in part to the incentives set up by the Indian authorities to promote the modernization of local industry.”
To meet the growing demand for ‘Made in Italy’ textile machinery, ACIMIT is organizing two important events for Indian textiles manufacturers. Mumbai and Ichalkaranji will play host to two workshops to be held on May 8 and 10, at which a number of Italian machinery manufacturers will be presenting their latest technology proposals.
The following Italian machinery manufacturers will be taking part:
Canalair, Cs Automazione, Fimat, Flainox, Itema, Jaeggli Meccanotessile, Ptmt, Smit, Testa. The workshops, organized by ACIMIT, are part of the ‘Machines Italia in India’ program financed by the Ministry for Economic Development, which has entrusted the organization to the Federmacchine group (the Federation of Italian Manufacturers of Capital Goods).
The initiative is aimed at supporting the internationalization of businesses activities in the sector, in an area that is currently experiencing some of the most intense economic development anywhere in the world.
ACIMIT represents an industrial sector comprising around 300 companies (employing close to 12,400 people) and producing machinery to an overall value of about 2.7 billion Euros, with exports amounting to 80% of total sales. ACIMIT says the quality of Italian textile technology is evidenced by the high number of countries in which Italian machinery is sold - around 130 countries worldwide.
“Creativity, technology, reliability and quality are the characteristics which have made Italy a global leader in the manufacturing of textile machinery,” ACIMIT says.
Author: Billy Hunter