Home / Knowledge / News / Apparel/Garments / Prime Source Forum to debut in Jakarta in Jan 2013
Prime Source Forum to debut in Jakarta in Jan 2013
16
Oct '12
Prime Source Forum (PSF) - Focus on ASEAN will make its debut in Jakarta, Indonesia on 30 January 2013, bringing the established PSF brand, which has seen 7 successful editions in Hong Kong and the first PSF satellite event in Delhi held last September.

PSF is the annual forum for the global fashion industry. Since 2006, it has been held annually in March in Hong Kong, bringing together more than 400 senior executives from all over the world to discuss the challenges and opportunities that manufacturers, suppliers and retailers face, particularly those pertaining to the supply chain.

Michael Duck, Executive Vice President of UBM Asia Ltd and Director of Asia Pacific Leather Fair Ltd (APLF) said, “ASEAN is home to a burgeoning population of 600 million people, which is equivalent to 9% of the world's population. As a single economic bloc, it’s combined nominal GDP of USD 2 trillion ranks 9th in the world. We should definitely not underestimate this fast growing region.”

“There is no better platform than PSF - Focus on ASEAN to promote the region, its economies and the sourcing activities of its textile and apparel industries to the world,” stated Ade Sudradjat, Chairman of the Indonesia Textile Association (API) and the ASEAN Federation of Textile Industries (AFTEX). Both associations have already confirmed their support of PSF - Focus on ASEAN.

The ASEAN textile and apparel industry is building on its already robust exports of apparel to major markets, proactively integrating upstream to downstream elements of the supply chain in order to create a more vertical sourcing platform. This is according to Michael J. Blakeley, Director of the VALUE Project which is funded by the U.S. government and supports integration of key ASEAN industries. “Global brands and retailers are certainly seeking more competitive arrangements with their vendors in ASEAN and the local industry is attempting to respond,” Blakeley said.

“Existing trade arrangements with growing markets like China create additional competitive reasons to produce apparel in ASEAN. Trade preferences with the EU have allowed industries in Cambodia and Laos to grow and increase capabilities. Future trade preferences currently being discussed or negotiated could also lead to interesting opportunities for apparel produced in ASEAN,” emphasised Blakeley.

He added, “Once the ASEAN Economic Community comes into effect in 2015 and ASEAN operates as a single production base, the region will surely be more efficient and cost effective with dramatic improvements in trade facilitation.”

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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