ColorJet, India’s one of the largest manufacturer of Digital Textile Printers, participated in the Surat International Textile Expo 2022 (SITEX), organized by SGCCI (The Southern Gujarat Chamber of Commerce & Industry).
Darshana Jardosh, Union State Minister of Textiles and Railways inaugurated the Textile Expo – SITEX 2022 and the ColorJet booth at one of the largest exhibitions in India. Last year, SITEX sealed textile machinery order booking worth Rs 700 crore. Jitender Pal Singh, vice-president and Smarth Bansal, general manager, were present along with other team members during this inauguration. The minister acknowledged and appreciated the initiatives by ColorJet in the field of Textile Printing machine manufacturing and for the overall growth of the textile sector in India. Jardosh recognized the unmatched efforts of ColorJet exporting to 25+ countries.
The huge Indian textile machinery market is approximately Rs 14,000 crore. However, Indian manufactured textile printing machines contribute to only about 20% of the supply. ColorJet, through its Make in India initiative, is working towards the idea of an Aatmanirbhar Bharat, where the vision for the next 5 years (2025-26) is to reduce the import dependency from Rs 9,273 crores to approximately Rs 6,000 crores, a CAGR of -5.8%. This will not only help with the increased domestic demand but will also make Indian manufacturers compete at a global level. The government has set a target of US$100 billion for textiles and garment exports over the next 5 years and the textile sector is expected to play a prominent role in achieving it.
With the support of SGCCI, ColorJet projects an additional revenue of US$10 million from the growing textile machinery market of Surat. A representative from ColorJet Group mentioned that it will be an active stakeholder in achieving the government’s production target of Rs 20,000 crore by 2025-26.
ColorJet’s state-of-the-art and the latest textile printing machines – VastraJet K2 and SubliXpress Plus were also inaugurated by Darshana Jardosh. VastraJet K2 can print up to 5000 square meter per day while the SubliXpress Plus can print at an enormous speed of 9000 square meter per day. These textile printing machines will prove to be a gamechanger in sustainable textile printing.
Ashish Gujarati, president and Himanshu Bodawala vice-president of SGCCI admired the sustainable steps taken by ColorJet and the way ColorJet is spearheading the industrial shift towards sustainable textile printing options. They also invited ColorJet to be a part of the textile cluster that is being established in Surat.
