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Philippine garment makers can gain by trading with India
04
Jun '12
Philippine textile and garment producers and exporters can improve their product quality and gain from trading with India, Philippine Chamber of Commerce and Industry, President Miguel Varela, said.

Speaking at an exhibition organized in Philippines by the Synthetic and Rayon Textiles Export Promotion Council, an association of synthetic and rayon textile producers and exporters from India, Mr. Varela said the 15 Indian firms participating in the expo, presented the best of the Indian industry.

He said the exhibition was a learning opportunity for Philippine textile and apparel producers and exporters to find out how they can improve and benefit from trading with their Indian counterparts.

Though the garment sector has been recognized as one of the key manufacturing industries of Philippines, it still lags behind India in production, Mr. Varela added.

He said such expos could aid in revival of the apparel industry in Philippines.

Commenting on the timing of the expo, he said that the event has been organized at a perfect time, when the country's economy is rising and business and trade are also growing.

According to the Philippines' Department of Trade and Industry (DTI), with increasing collaborations in flourishing industries like textiles and garments, the overall trade between India and the Philippines is expected to continue to rise during the rest of the current year.

With a year-on-year rise of 10.8 percent, the total trade between the two economies grew to US$ 1 billion during last year, while the overall trade for the initial two months of the current year amounted to US$ 141.49 million, DTI data stated.

Fibre2fashion News Desk - India


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