Realizing the need of creating the backward & forward integration, CII has tied up with the Fashion Technology Park (FTP) as it is only the creative designs which can add value to the existing textile value chain and boost the economy, he further added. Though this joint Conference, it is the endeavour of CII to address the issues of the fashion design industry as the Fashion Business is one of the largest and most visible industries in the world today. We compliment FTP for being so proactive in establishing the linkages of the Indian fashion designs with the global market.
Mr Jagjit Singh Kochar, CEO, Fashion Technology Park, added, “There exists a huge potential to tap the Indian fashion design market. With the total lifestyle products including textiles, apparel and accessories to footwear, precious watches to home textiles in various prices, shapes and sizes traded in India accounting for US$ 30 Billion, only 4% of the same accounts for branded and fashioned items.
With organized retail sector booming in India and emergence of foreign players in the domestic retail sector, the need of the hour is to facilitate a dialogue between different modes of the value chain in life style products. FKF 2006 is a step in that direction.”
CII in partnership with Business School of Fashion, Fashion Technology Park and Ernst &Young has also proposed to come out with a focused study on fashion and lifestyle business that would be vital to show the way forward to the various stakeholders involved in the entire fashion value chain. The study would not only articulate on the various issues and concerns but will also provide the solution driven recommendations for each stakeholder involved in the fashion business.
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