MOT plans to achieve $50 bn in textile exports by 2010
28 Jul '06
2 min read
Compared to China's textile exports of US $60 billion India's exports are a scanty $16 billion even though the domestic market account for about $40 billion.
It is observed that Indian garment manufacturers must make high value garments and scale up capacity for which they obviously need high value raw materials.
Our manufacturer of fabrics and accessories has the building capabilities but the lacuna lies in accessing raw materials.
The Ministry of Textiles has set a target of $50 billion for textile and garment exports by 2010 and to get there, the access to raw material has to improve.
To facilitate this, the Fabrics and Accessories Trade Show is to be held in Bangalore from 4 to 6, August 2006 which will be positioned as a sourcing platform for identifying suppliers.
Into its third edition, the trade show provides sourcing information for garment manufacturers, exporters, fashion designers, buying houses and the merchandising companies on raw materials that go into the making of a garment-fabrics, accessories, trimmings and embellishments.
There will be 84 participants, including 12 international players, across 180 stalls.
The exhibitors include Indian, US, Hong Kong and Sri Lankan manufacturers of shirting material, suiting material, knitted fabric, denim, corduroy, buttons, dress materials, sippers, hangers, sewing thread, embroidery products and interlinings.
Last year around 2,600 visitors from 67 buying houses visited and this year too the organizers expect 3,000 to 4,000 guests.
India has been traditionally sturdy, upbeat in colors and designs especially in summer wears.
Indian companies are working very closely with international designers and will obtain compact dollar realization.
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