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Bauma-CONEXPO India

The January 2017 edition of TFT has variety of Q and A’s with leading organisers of India including that of ED of India ITME, Managing Director of HMI and DG of National Book Trust. The edition also widely covers the latest happening in the fraternity from across the country. The current edition also covers two of the biggest events happened in the country in December Bauma-CONEXPO 2017 and India ITME Bauma-CONEXPO India was aunched in 2011 with 508 exhibitors, rising to 710 in 2013 and a similar size in 2014 despite a weak market both years, and reached 26,000 trade visitors in 2014. The India International Textile Machinery Exhibition (India ITME) 2016 in Mumbai saw more than 1050 exhibitors from 38 countries. The six-day show focusing on innovation and modernisation of the textile industry, is an effective platform for joint ventures between
stakeholders of the textile industry in India and overseas. Following up with the demonetisation,In the first 34 days the micro-small scale industries has said to have suffered over 35 per cent jobs losses and a 50 per cent dip in revenue, according to All India Manufacturers Association (AIMO) which represents over three lac micro, small scale, and medium and large scale industries engaged in manufacturing and export activities.The study has also projected a drop in employment of 60 per cent and loss in revenue of 55 per cent before March 2017. The study stated that almost all industrial activities have come to a standstill, with the Small and Mediumsized Enterprises (SMEs) sector worst-hit. “While AIMO understands certain immediate repercussions of such a bold step (demonetisation) by the government, it did not anticipate or was prepared for such a jolt to industries even after one month,” said the study. Many of the B2B exhibitions have suffered lesser exhibitors and few of the event even getting
postponement or even cancellations. Bengal National Chamber of Commerce and Industry’s (BNCCI) 29th trade fair committee chairman Sourajit Palchaudhuri said at the inaugural function that due to demonetisation the trade fair had been downsized. Some 50-60 participants have pulled out citing demonetisation as the reason, BNCCI officials said. State Urban development minister Firhad Hakim said “Demonetisation has affected the entire business community of the country including ours”. Wishing all our readers the best of 207 and more. Keep reading TFT.
M Q Syed
Editor-In-Chief
syed@tradefairtimes.com