A unique & prestigious event: Out of 185 Exhibitors, 140 are from India, 100 Indian business delegates are also participating
Those Indian Industries and business conglomerate who are looking for their expansion plans and business growth in African countries, has reason to cheer. The 3rd edition of International Textiles Machinery Exhibition (ITME) India, is organising “ITME Africa 2020”, a unique and exclusive business event. This mega event is themed as “Prosperity for AFRICA through Textile Technology”. The first edition of ITME Africa event is slated to be held from14th – 16th February 2020, in Millennium Hall at capital city of Ethiopia, Addis Ababa. The event would have Exhibition, B2B Meetings and Investment Seminar. This event will open Pandora’s Box for Indians investors to explore more possibilities in starting their business or Industries.
It is a proud moment for India, as out of 185 exhibitors’ participants, 140 are from here. ITME Africa 2020 is one of its kind exhibitions that will showcase various technologies on Spinning, Weaving, Processing, Wastewater Technology, Knitting and Dyestuff, all under one roof. Many more exhibitors have shown their keenness to be a part of the event, and are in advanced stage of finalisation to join the event.
To be a part of this mega event, ITME India is inviting industry people to participate in this Technology Exhibition, witness and grab great opportunities made available on single platform. ITME India is making registration and booking for concurrent programmes of Technology Exhibition, B2B Meetings and Investment Seminar. It’s a golden opportunity for Indian business and industries to take part and understand business in better ways, in African countries.
ITME-Africa 2020 has attracted 15 prominent countries. There are 185 Exhibitors and pavilions of 15 countries and Indian pavilion is also a part of it. Other countries whose pavilion would be a part of exhibition China, Italy, Switzerland, Turkey, Egypt, Germany, France, Greece, Spain, Taiwan and Botswana. Besides, large numbers of delegates from all over the world will also participate. The prominent participant countries include Ethiopia, United Kingdom, Austria, Belgium, Egypt, Australia and Bangladesh. Other African countries which will take part in this event includes Rwanda, Uganda, Ghana, Tanzania, South Africa, Kenya and Zimbabwe.
There are other key activities also planned during the exhibition like B2B meetings and seminars. Seminars namely Technical Seminars, Investment Seminar and Business Financial Solution Seminar, supported by International Trade Centre (ITC) Supporting India’s Trade Preferences for Africa’ (SITA). These seminars would strengthen the knowledge of participants. ITC-SITA, is the only development agency that is fully dedicated to supporting the internationalization of small and medium-sized enterprises (SMEs). It shall play a lead role in organising the B2B meetings, engaging people who are truly relevant for businesses, careers, or projects.
The purpose of Technical seminar is to educate the industry and disseminate the information on Textile and Technology. These seminars would lead by well-versed speakers as well as industry experts and would be involved in interactive sessions with participants. It shall be a platform to engage and update on various topics related to the Textile Industry.
The investment Seminar is meant to work with a user-friendly interface, in-depth market information, powerful investing tools that would focus on investment opportunities in Ethiopia. It can help generate attractive returns on resources that are available in the Textile Industry. Since Investment in Ethiopia has now evolved into what now is considered to be an attractive investment opportunity and a robust asset class. It is attracting a growing share of capital. Business Financial Solution Seminar would highlight Banking Institutions & non-banking Institutions with various financial schemes available in Ethiopia. EXIM Bank shall be one of the key participants.
Coinciding with ITME Africa 2020, India Engineering Export promotion Council (EEPC India) is organizing India Engineering pavilion in2020 at Millennium Hall, Addis Ababa, for multiple engineering products, textile technologies & related products. More than 40 Indian Engineering companies are participating.
His Excellency – Demeke Atnafu Ambulo, Consul General of Ethiopia in Mumbai says “Ethiopia is the world’s fastest growing economy and land of opportunity. ITME – Africa 2020 event is key to promoting trade, investment and technology growth in Ethiopia, especially in textile engineering segments. We are happy, that so many exhibitors from India is participating in this event. This exclusive business facilitates opening up of an entire continent of new opportunities. We are optimistic that it would be certainly a great opportunity for Indian investors”.
Seema Srivastava – Executive Director, India ITME Society says “ITME – Africa 2020 shall become the focal point and catalyst for economic growth, employment generation, technology up-gradation in Ethiopia as well as other African countries. We welcome you to this unique and prestigious event & look forward to your participation”. She added “It is the right place and the right time to; Aspire – Compete – Explore.”
It may be noted that ITME Africa 2020 is supported by the Indian Ministry of Textiles, Federal Republic of Ethiopia, Ethiopian Textile Development Institute and the International Trade Centre as Trade & Investment partner. Ethiopia being home to the African union has the potential to be the gateway to bring prosperity to the region through textile and textile engineering products. This business exhibition shall showcase the complete range of textile and textile engineering. Four broad categories are covered – Textiles, Textile Technology, Textile Engineering, Financial Institutions and allied segment. With over 80 years of development and a fastest growing economy in the African continent, Ethiopia is showing potential to become the region’s textile and apparel hub.
It is worth mentioning here, that The United Kingdom of Great Britain and Northern Ireland’s Department for International Development (DFID) mandated the ITC to design and implement a project called SITA, with the specific objective of increasing the value of business transactions between India and selected African countries with the ultimate objective of creating jobs and income opportunities. This initiative would benefit East African businesses exporting to India, Indian companies importing from, or investing in Africa and national trade and investment support institutions (TISIs). The give and take involves India, Ethiopia, Kenya, Uganda, Rwanda and the United Republic of Tanzania.