Home / Knowledge / News / Apparel/Garments / Italy wants a pie of growing Indian apparel space
Italy wants a pie of growing Indian apparel space
18
May '12
Keen to invest in area of garments and textiles in India, Italy is organizing a three-day 'Expo Riva Schuh Fair' in India from June 5, said Italian Trade Commissioner Erica Di Giovancarlo.

Italy, the third-largest economy in Europe, is considering expansion in the Indian market. While Italy is a world leader in fashion designing, Indian designs are getting greater attraction in global markets.

The expo would serve as a platform for Italian entrepreneurs to present various high-end items, including apparels, belts, bags, footwear and leather accessories to cater to Indian customers.

Ms. Giovancarlo said they are trying hard to establish stronger trade ties with India in field of fashion and textiles.

There is good scope for entrepreneurs in India and Italy to collaborate in sectors like fashion and textiles through joint ventures, she said. However, she added that as the Italian enterprises, particularly the small and medium enterprises (SMEs), are facing tough times due to the European crisis, in spite of being keen to invest in India, they need to wait till economic situation improves at home-front.

Further, calling India's decision to allow 100 percent foreign direct investment (FDI) in single-brand retail as a "revolution", she said, it would certainly draw many companies to Indian markets, as the decision has opened way for foreign firms to have total ownership of their operations in India.

Following this, many Italian firms including global Italian chains like Gucci, Prada and Armani have already articulated their interest in launching their outlets in India.

The bilateral trade between the two countries totalled US$ 8.8 billion during 2010-11.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search