Remscheid/New Delhi – The Swiss Oerlikon Group’s Polymer Processing Solutions division will be presenting itself at the ITME 2022 under the banner of ‘From Melt to Yarn, Fibers and Nonwovens’. The international trade fair is taking place in the India Exposition Mart Ltd, Noida, close to New Delhi, India. Between December 8 and 13 this year, more than 1800 exhibitors and over 150.000 visitors are expected. Oerlikon will be presenting a broad range of products and services focused on manufacturing and processing manmade fibers. Oerlikon’s team of experts is very much looking forward to seeing you at booth C15 in Hall 11.
In addition to various new component exhibits from the fields of continuous polycondensation including gear metering pumps, filament (POY, FDY, IDY, BCF) and staple fiber spinning, texturing as well as nonwovens production, the dialog with all customers will now more than ever after almost 6 years without an ITME in India be again at the center of the trade show activities.
For Oerlikon, this will be the third major appearance in the region in the fourth quarter of this year, after having had in November two exciting and interesting customer events in Daman, India, and Dhaka, Bangladesh. This is also because the important markets of India and Bangladesh are currently still standing out in terms of their investment behaviour and currently offer good opportunities for further polymer processing projects. More than 250 participants discussed the technology and market analysis presentations held by Oerlikon experts, at the Oerlikon Technology Symposium in Daman, India. Afterwards, all guests celebrated the 100th anniversary of Oerlikon Barmag and the 75th independence of India with a big gala event.
India right now continues to have above-average economic growth with a 6.8% Gross Domestic Product (GDP) for 2022. Experts speak of “a bright spot in a global gloom”. Some facts and figures:
- The textile industry in India is one of the largest in the world with a large raw material base and manufacturing strength across the value chain.
- India is the 2nd largest producer of MMF Fiber. India is the 6th largest exporter of textiles and apparel in the world.
- India became the second-largest manufacturer of Personal Protective Equipment (PPE) kits in the world.
- India is the 6th largest producer of technical textiles with a 6% Global Share (12% CAGR), the largest producer of cotton and jute in the world.
- The industry contributes to 7% of industrial output in value terms, 2% of India’s GDP and 12% of the country’s export earnings.
- The share of textile, apparel and handicrafts in India’s total exports was 10.62% in 2021-22.
- The textile industry in India is one of the largest economic sectors that contributes the most to job creation in the country. It engages 16.73 lakhs of people consisting of 10.28 % of the total employment share.
- The domestic apparel and textile industry in India contributes 2.3% to the country’s GDP, 7% of industry output in value terms.
- The domestic textiles and apparel industry stood at USD 152 bn in 2021.
- With more than 164 million inhabitants, Bangladesh is the eighth largest country in the world in terms of population. This makes it one of the most densely populated countries in the world.
- The economy of the up-and-coming country continues to grow rapidly, even during the Covid-19 pandemic, and the poverty rate has been halved since 2000. By 2026, Bangladesh will have officially left the status of a Least Developed Country (LDC), and by 2041, the country aims to become a high-income industrialized country (HIC).
- Bangladesh’s economic success is primarily based on its textile industry, which accounts for 10% of the gross national product and 80% of the export earnings.
- Bangladesh is the world’s second largest exporter of textiles.