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!
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
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
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