Focusing on India
India is currently one of the most interesting growth markets in Asia, and therefore worldwide. In future, too, this situation looks set to continue. In a report published by Deutche Bank, India is predicted to become the fastest growing economy in the world by 2020 (ahead of China). Already in terms of purchasing-power parity it ranks fifth worldwide. 

India's gross domestic product grew by 6,1 % in 2009. Gross investment in the last economic year accounted for 33,7 % of GDP. Demographic trends, rising investment in education and infrastructure and in increasing integration into the global economy are having a particulary favourable effect on India's growth. The textile sector is making a special contribution to this development.

India's textile sector  - a growth market on your doorstep

India is the world's biggest market for textile machines and accessories after China. The textile industry's key position in Indian industry as a whole is unchanged at 14 % and makes up 30 % of its exports. Thirty-five million people depend directly on this branch of economy. India's textile economy is still benefiting from the state funding programme TUFS (Technology Upgradation Fund Scheme), which has been extended to 2012. Consequently the Indian textile sector is very interested in making investments before the expiry date. For international manufacturers of textile machinery, this represents tremendous business opportunities.