Page 13 - TEXtalks International July/August 2022

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IGATEX 2022: 20 years

of Innovation in the

World of Textiles

After almost 3 years of the pandemic, the world is moving toward in-house exhibitions. FAKT Exhibitions
(Pvt.) Ltd. will organize the 13th IGATEX from 1 to 4th September 2022. IGATEX Pakistan is one of the
largest and most well-established garment and textile machinery and accessories exhibitions in South Asia;
it is a professionally enriching experience for textile machinery manufacturers, providing them an opportunity
to directly make their equipment available to qualified buyers and decision-makers in an exceeding
competitive global business environment.

This year’s edition of IGATEX will also introduce Denim World Pakistan and Digital Textile Printing. The show
will include standalone demonstrations of various cutting-edge industry tools & technology.

Saleem Khan Tanoli, CEO of FAKT Exhibitions Pvt Ltd, Pakistan, said, “This year, we will be celebrating 20
years of IGATEX. The 13th IGATEX is going to be a big event, and FAKT is looking to make it memorable by
offering both international and national exhibitors for the visitors. Customers are looking for such events
eagerly as we have received many queries for the upcoming event. The vision of IGATEX is to equip the AD
industries with the latest available and changing technologies across the globe, which could pave the way
to produce high-value textile products and hence, contribute positively to supporting the country’s GDP. ”

Vietnam targets to hit $43b textile

exports this year

Vietnam is on the route to hitting $43b in textile According to VITAS, 2022 is when textile and
exports this year. In the first six months, Vi t Nam's garment industry enterprises gradually recover after
textile and garment export value was estimated at two years of being heavily affected by the COV-
$22.3 billion, up 17.7% on the year, including $16.94 ID-19 pandemic. However, Vietnam's textile and
billion from garment exports (up 19.5 %), $1.4 garment industry still faces many risks and
billion from fabric exports (up 20.8%), and $2.76 challenges in the second half of this year, including
billion from the fiber exports (up 4.4 %).
the new strain of COVID-19 that is still present.
Meanwhile, the total import value of raw materials Textiles and garment exports are expected to reach
and accessories for textile and garments in the first $20-21 billion in the year's second half. To achieve
six months was estimated at $13.4 billion, up 9.8% this goal, the textile and garment enterprises need
per year. Thus, the textile and garment industry had to quickly restructure export markets to not depend
a trade surplus of $8.86 billion in the first half of this on a few markets. They should change technology
year, up 32%. This was the effort of textile and and equipment to meet requirements from import-
garment enterprises because the world economy ing countries, such as requirements on recycled
still has many difficulties. garments of the EU market.

July/August 2022