Texworld India poised for greater success in 2007 with increasing global interest. Textile Days India: the perfect combination for textile sourcing and selling. Trend show T.W.I.S.T. by Ornella Bignami to forecast fabrics trends for 2008/2009.
Currently, India is everybody’s playground. The large and galloping economy growing at the rate of 9%, is presenting both local and international players with massive opportunities in almost every sector as never before. The once traditional market is open for global influences and business.
International mergers and acquisitions are the flavour of the season, from steel to retailing. The fashion industry is not willing to be left behind, with the world’s most famous brands setting up shop in India’s chicest new malls.
As reported recently, Louis Vuitton, part of the LVMH group, plans to set up its first manufacturing plant in Asia in Pondicherry, India, along with an Indian partner in preference over other Asian countries.
Other major brands are also swiftly establishing themselves in India. Against this background, Texworld India, the country’s acknowledged apparel textile event stands poised to attract the country’s major players along with international manufacturers looking for their first steps into an incredible market.
Texworld India’s debut last year showcased 98 exhibitors from 14 countries. Held alongside Heimtextil India the event attracted more than 12,456 visitors from 99 countries. This year it is expected to increase with the apparel industry recognising its strength as a perfect international meeting point.
An added attraction that will completely round off the textile fair offerings in 2007, will be the debut of Techtextil India, the international fair for technical textiles and nonwovens. All three events held under the banner of “Textile Days India” will be held at the Bombay Exhibition Centre, Mumbai from 10 – 13 October 2007.
Speaking at the last event, Mr. Detlef Braun, Managing Director and Member of the Board of Messe Frankfurt GmbH, said, “With this move Messe Frankfurt has unleashed the powerhouse of Indian textiles unto the global arena. India is an incredible textile country not only with its textile tradition but also with its depth of products, creativity and quality, and this is unabashedly evident at Textile Days India.”
Speaking on new developments in the fast changing market, Ms Shammi Nagpal, Managing Director of Messe Frankfurt India said, ”the World Trade Organisation will review India’s trade policy this May. Furthermore, the Finance Ministry is considering reducing custom duties for machinery used by Textile and Leather industries to 5% in the forthcoming budget 2007. All of these will further enable modernisation and enhance production”.
