ITME AFRICA 2020 – Initiating a technology revolution in Africa’s Textile Industry

TextileFuture is most pleased to let you have – as an exclusivity – the speech delivered by S. Hari Shankar, Chairman of ITME Society in the framework of ITMA 2019 in Barcelona, Spain. The ITME Society is organising ITME Africa 2020 in Addis Ababa for the first time ever.

The following second item will go into details what textile opportunities Africa is offering.

As we stand today, Africa is home to several of the world’s fastest growing economies according to the IMF. The continent’s overall economic growth is estimated at roughly 4 % for 2019. This entails infinite opportunities in the textile industry which needs to be explored. This happens to be the right time for India ITME society to set out seeking new frontiers. I’m delighted to announce that India ITME society, which has already revolutionized the second biggest Textile industry in the world has now conceived ITME AFRICA 2020 which is the new platform that is designed to serve as the gateway to all of Africa. Ethiopia is the chosen destination to launch the new series of events as it happens to be a country that is rapidly makes strides to make progress with an 8 % annual growth to its economy.

India ITME Society’s ITME AFRICA 2020 – A unique and exclusive business event with the theme “Prosperity for Africa through Textile technology” will be held between the 14th and 16th of February 2020, at the Millennium Hall in Addis Ababa, Ethiopia. This prestigious International Textiles & Textile engineering exhibition is supported by Ministry of Textiles, Government of India, Ministry of Commerce & Industry, Engineering Exports promotion council (EEPC, Govt of India), Federal Republic of Ethiopia, Ethiopian Textile Development Institute and the UN’s International Trade Centre (ITC).

This global event is set to initiate a revolution in entrepreneurship and investment in the Textile industry. while showcasing the complete range of innovative Textiles technology and engineering with a total of 27 different chapters. Hence, we are delighted that ITME AFRICA is poised to be instrumental in establishing Africa’s textile footprint prominently across the globe.

ITME AFRICA 2020 is poised to be more than a routine exhibition. It proposes to bring to the table: complete solutions to Textile industry development in the continent through affordable technology, International exposure, Skill development through seminars and conferences, confluence of business houses, investment opportunities, Joint ventures, Access to Finance and Networking platforms with technocrats and educational institutes. Overall, paving the way for a wave of knowledge, progress, growth and prosperity.

As we stand today, there has been a tremendous response from around the globe with regards to participation at ITME AFRICA 2020, which shall stand host to prominent and key textile machinery manufacturers from India and across the globe. Additionally, country pavilions from Italy, Turkey, China and Switzerland shall showcase the technology and expertise from their respective countries.

With over 80 years of development and home to the fastest growing economy on the continent, Ethiopia is showing potential to become Africa’s Textile and apparel hub. Home to the African Union, Ethiopia shall host this international event in 2020, strengthening its position as a pioneer in the Textile industry and positioning itself as a pivot for technology sourcing in Africa. The hope and vision is to be instrumental to make Africa’s textile presence more prominent in the days ahead.

We are glad to announce that space booking is complete and Visitor registrations and promotions for ITME Africa 2020 have started. Road shows have been scheduled in South Africa, Uganda, Rwanda, Botswana, Tanzania, Zambia, Ethiopia and Egypt starting July, 2019 to promote the event. The event shall cater to all developing textile markets across Africa.

Technology seminars, B2B meetings, Financial solutions, Cultural programs and a networking dinner have been planned to facilitate the maximum opportunity for the participants. Indian delegations from Textile Export Promotion Councils & other Textile associations are expected to visit and attend ITME AFRICA 2020 to ensure a quality networking platform.

Be it connecting with Traders, Dealers, Retailers, Exporters, Consultants or to acquire Technology/ engineering solutions, ITME AFRICA 2020 is the place to be!

I welcome you all to this exclusive event and look forward to your participation at INDIA ITME AFRICA 2020 – The right time to aspire, compete and explore!

https://www.itme-africa.com/

Africa – New Frontiers for Textile – Investment Opportunities in East Africa’s textile and apparel sector

A presentation by Govind Venuprasad, Coordinator, ITC, the International Trade Centre, delivered on June 22, 2019 to the ITME Society evening in the framework of ITMA 2019 in Barcelona, Spain

Supporting Indian Trade and Investment for Africa (SITA)

•             Implemented by: International Trade Centre (ITC), a joint agency of United Nations (UN) and World Trade Organisation (WTO) offering trade & investment promotion services as public good, to support businesses in developing countries in accessing international markets

•             Donor: UK’s Department for International Development (DFID)

•             Objective: Increased value of business transactions between India & select East

African countries by promoting investment, trade and technology partnerships

•             Countries: India, Ethiopia, Kenya, Rwanda, Tanzania and Uganda

•             Sectors: Textile and apparel, leather, spices, pulses and sunflower oil

•             Beneficiaries:     Indian    Companies investing in   or importing from Africa, East African Businesses & Trade and Investment Support Institutions

East Africa

Why East Africa – Five key reasons

1.            New frontier for apparel sourcing

2.            Duty free market access

3.            Competitive production costs

4.            Strong government support

5.            Ease of Doing Business

www.voicesofsita.wordpress.com

www.intracen.org/sita

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The weekly review of the TextileFuture News. For your convenience and quick access, please just click on the feature

Acquisitions

Acushnet, Titleist and FootJoy parent, acquires performance ski/golf apparel brand KJUS  https://textile-future.com/?p=26363

Bossard completes acquisition of Boysen https://textile-future.com/?p=26374

EFI confirms completion of acquisition by an affiliate of Siris for approximately USD 1.7 billion https://textile-future.com/?p=26545

Collaboration

Kivanç Tekstil ties up with Reliance to make eco-friendly Fabrics https://textile-future.com/?p=26488

Nordstrom teams up with L.A.’s Union on streetwear-inspired pop-up shop https://textile-future.com/?p=26497

Companies

Autoneum revenue growth in a strongly declining market https://textile-future.com/?p=26513

BASF Group sales slightly lower in second quarter – EBIT before special items considerably below prior-year quarter https://textile-future.com/?p=26507

Clariant with growing sales and operating cash flow in the first half year 2019 https://textile-future.com/?p=26503

Forbo half year report https://textile-future.com/?p=26573

Lenzing Group successfully completes expansion of pulp production at the Lenzing site https://textile-future.com/?p=26534 

Data

U.S. Economy grew by 2.1 % in Second Quarter https://textile-future.com/?p=26542

Data Breaching

IBM Study shows Data Breach Costs on the Rise – Financial impact felt for Years https://textile-future.com/?p=26427

Divestment

Clariant signs an agreement to sell its Healthcare Packaging Business https://textile-future.com/?p=26372

Airopack Technology Group – Agreement reached with Major Lenders https://textile-future.com/?p=26425

Documentation

VERY RALPH – The first documentary Portrait of Fashion Icon Ralph Lauren https://textile-future.com/?p=26528

3D Printing

3D bioprinted organ models key to USD 1.9 billion market https://textile-future.com/?p=26360

Combining Over-3D Printing of Continuous Carbon Fibre Reinforced Composites with Stamp Forming Organo-sheet Substrates https://textile-future.com/?p=26377

REGEMAT 3D will start selling Biomaterials https://textile-future.com/?p=26491

Events

Santoni revealed latest innovations in 100th anniversary at ITMA Barcelona 2019https://textile-future.com/?p=26390

ITMA Barcelona 2019 – Resounding success for Italian Textile Machinery Manufacturers https://textile-future.com/?p=26414

Responsible Innovation™ to define new denim frontiers https://textile-future.com/?p=26446

Footwear

Footwear demand to grow by 4 % until 2023 in US https://textile-future.com/?p=26368

Innovation

Global Innovation Index 2019 https://textile-future.com/?p=26470

Personalities

Stephanie Ferris Joins lululemon Board of Directors https://textile-future.com/?p=26350

Target hires Facebook executive to lead IT operations https://textile-future.com/?p=26350

Amy Roberts is leaving Outdoor Industry Association to join the North Face https://textile-future.com/?p=26350

Chico’s FAS, Inc. announces new Organisational Structure and associated Leadership Appointments https://textile-future.com/?p=26350

Clariant’s Board of Directors accepted resignation of CEO Ernesto Occhiello https://textile-future.com/?p=26454

BASF’s Supervisory Board extends appointment of three Board members https://textile-future.com/?p=26454  

Retreat

Sports Direct withdraws Debenhams CVA lawsuit, but will fund another https://textile-future.com/?p=26429

Sourcing

Is the U.S. missing the sourcing opportunity in Portugal? https://textile-future.com/?p=26480

Style

Boris Johnson and the rise of Silly Style https://textile-future.com/?p=26461