ColorJet retains platinum sponsorship of ITMA 2023

Event from 8-14 June in Milan, Italy

ColorJet retains platinum sponsorship of ITMA 2023
Smarth Bansal, general manager, ColorJet Group with ITMA officials.

The ColorJet Group has signed up for the platinum sponsorship of the world’s leading textile and garment machinery exhibition, ITMA 2023, scheduled from 8-14 June at Fiera Milano, Milan, Italy.

The sponsorship was sealed at a meeting held after an exhibition site visit on 12 January in Milan. The sponsorship agreement was handed over to Smarth Bansal, general manager, ColorJet Group, by Eileen Ng, deputy project director and head of marketing, ITMA 2023.

ITMA is recognized as the ‘Olympics’ of textile and garment machinery exhibitions. It showcases technologies and products for the entire textile-making value chain. ITMA 2023 is set to make a strong show with over 1,570 exhibitors from 42 countries.

M S Dadu, chairman, ColorJet Group, said “This is a momentous occasion for the ColorJet Group to be a Platinum Sponsor of ITMA for the second time in a row. Also, considering the global digital textile printing market size, which is expected to reach $7.9 billion by 2030 at a CAGR of 14.8% from 2021 to 2030, we are sure that this partnership will help to reinforce our brand strength on a global platform and positioned ColorJet as leading manufacturer company of digital textile printers.”

Eileen NG said, “As a leading manufacturer of digital textile printers, ColorJet understands the value of association with ITMA, the world’s largest international textile and garment technology exhibition. Both organizations have a common passion for the textile industry. We are delighted that they have extended their association with us for another edition. We would like to wish them success with their participation in ITMA 2023.”

ColorJet will demonstrate its range of textile printing solutions in Hall: H7, Booth No B-107. 

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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