Home / Knowledge / News / Apparel/Garments / Italy wants a pie of growing Indian apparel space
Italy wants a pie of growing Indian apparel space
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

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mike Hoffman
Gildan Activewear SRL

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search