Recently, a Promotional Road Show on India’s International Textile Machinery Exhibition (ITME) 2012 was held in Lahore and Karachi. India’s ITME is considered to be the world’s second biggest textile technology exhibition and this year will take place in Mumbai from December 2-7. This will be the first time that Pakistani textile mill owners will be offered on sale Indian textile machinery.
ndian textile is leading the way ahead of the Pakistani textile, though on its own, Pakistan’s textile quality is also competitive. But it is the textile machinery technology in which Pakistan is lagging behind India. Pakistani textile industrialists were a bit hesitant to acquire the Indian technology because they felt their business will be swept away. Due to this fear, the Indian ITME 2012 had a pre-event show in Pakistan to convince that the Indian textile technology will only help Pakistan’s own textile industry.
The textile industry employs 38% of the manufacturing sector workforce in Pakistan and contributes to 56% of the exports of the country. Dr. Mirza Ikhtiar Baid is the Federal Adviser on Textile thinks that value-added textile sector needs investment from private sector. Pakistan wants to achieve the target of earning US$ 25 billion by 2014 through its textile exports and it can only happen with the introduction of new textile technology in machinery.
It is a trusting gesture from India to allow Pakistani textile owners to make a visit at the show to see how they can benefit. Also it will be a good business opportunity where 800 exhibitors from around the world will be taking part. However, the visa issue still remains to be tackled with especially for the business communities of both the states. Only then can such an exchange be healthy.