About GTTES 2019
Vision
To promote integrated services through exhibitions for setting a benchmark in Textile Machinery Industry through continuous improvement.
Objectives
To promote textile economic growth through new technologies focused on Ancillary and allied industries & trade.
To spread awareness of the social, economic, environmental and technological implications of Textile Industry and show concern for the environment and society.
About GTTES
India ITME Society has hit the right chord with the needs of the Textile Industry through GTTES 2019, an exclusive show to capture the World's attention on strengths & opportunities of Global Textile Industry, with special focus on Industry segments.
The one & only trade event in India dedicated to magnify business and trade for Textile Machinery manufacturers, through interaction with agents / dealers from India and across the Globe.
The Textiles Industry has not only made a major contribution to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings but also contributes about 14 per cent to industrial production, 4 per cent to the Gross Domestic Product, and 27 per cent to the country's foreign exchange inflows. It provides direct employment to over 45 million people.
The Textiles Sector is the second largest provider of employment after agriculture. Thus, growth and all round development of this industry has a direct bearing on the improvement of the India's economy.
In value terms, textile & apparel manufacturers would need to invest US $ 50 Bn in new machinery to cater to the additional market demand and $ 25 Bn will be required for replacing the existing machinery. A total of US $ 75 Bn investments in machinery is estimated to be required by 2020
Yarn manufacturing, weaving and processing machinery will attract 58% of the overall investments.