TEXFAIR is one of the biggest international Textile Machinery, Accessories and Spares Exhibitions in the country, organized by SIMA. The 14th Edition of the fair was inaugurated on Friday at CODISSIA Trade Fair Complex by MP 'Ganapathi' Rajkumar, in the presence of KV Srinivasan, President, ITMF, Rakesh Mehra, Chairman, CITI. It will held till 24th of June.
This year, 240 exhibitors, (including 75+ exhibitors from abroad) showcasing their cutting-edge textile-related innovations in machinery, spares, accessories, testing equipments, electrical and electronic components, humidification plants, air compressors, solar panels, etc. at 260 stalls.
SK Sundararaman, Chairman, Southern India Mills Association (SIMA) while welcoming the gathering said Tamil Nadu accounts for around 45% of spinning capacity and 33% of textile trade in the country. To achieve a sustainable growth rate, we need to access the latest innovations and upgrade our technology constantly, adopt cost-effective manufacturing methods, concentrate on Value Addition and Branding.
Coimbatore MP Rajkumar while addressing the gathering assured to voice the issues, faced by the MSMEs and Textile Industry of this region, in the parliament.
He assured them that he will keep his door open for the industry associations to hear their problems and take them to Delhi.
Sharing about global textile trends, KV Srinivasan, President of the International Textile Manufacturers Federation (ITMF) said "In the year 2023, China was the largest investor in new textile machinery. China has built a very large textile & apparel industry that is able to supply every type of yarn, filament fabric, fibers etc.''
Besides this, ITMF Chairman said that the geopolitical situation (trade war between US & China) has given way to brands and retailers in international countries take a 'China+1 Strategy' in order to source high quality textile products. This is where India has the prospectives to play a major role going forward.
Rakesh Mehra, Chairman of the Confederation of Indian Textile Industries (CITI) wanted the members of the industry to focus on Sustainability, ESG and Modernization. He said that the China+1 scenario will help the textile industry increase it exports.