Home / Knowledge / News / Apparel/Garments / Taiwan Textile Fairs in India & Sri Lanka draw crowds
Taiwan Textile Fairs in India & Sri Lanka draw crowds
30
Nov '12
The Taiwan Textile Fairs in South Asia 2012 was held in Colombo (Oct. 30-31), Bengaluru (Nov. 02-03) and Gurgaon (Nov. 05-07). The Taiwan Textile Fairs in South Asia 2012 saw the fair enter the Sri Lankan market for the first time ever. With this step, access to the fast growing Sri Lankan market was established and strong business ties with local garment manufacturers and exporters created.

India and Sri Lanka are major global apparel exporters while Taiwan has the manufacturing expertise encompassing multiple textile related sectors and is the sixth largest textile supplier in the world. The matching of these respective strengths is perfect for growing business locally and globally.

The India-Taiwan bilateral trade has grown to US$ 7.57 billion in 2011 which was 17.1% more than that of 2010. Indian exports to Taiwan were US$ 3.14 billion, an increase of 10.7% and imports from Taiwan were US$ 4.43 billion, an increase of 22%.

Trade had grown by 55% in 2010 over 2009. India now ranks as Taiwan’s 16th-largest trade partner, as well as the 15th-largest export destination market and the 16th-placed import country for Taiwan. Trade with India is expected to reach US$ 10 billion in the next three to four years. With the Eurozone and US in decline, the future is bright for bilateral trade between the two countries.

The Indian consumer spend is growing and that translates into increasing spends on garments and textiles. The domestic apparel market is growing at 10% per annum which is good news for both the Taiwanese manufacturer of innovative and functional fabrics and his Indian counterpart.

The Sri Lankan garment export industry has grown tremendously in the last few decades to the point that design, manufacture and export of textiles and clothing products is one of the biggest industries in Sri Lanka. Sri Lanka is among the top clothing-producing countries in the world relative to its population. The clothing industry of Sri Lanka employs about 15% of the country’s workforce with about 900 factories throughout country serving companies such as Victoria’s Secret, Liz Claiborne and Tommy Hilfiger to name just a few.

In the last 10 years, the Sri Lankan apparel industry has been contributing 39% to the industrial production of the country. It represents 43% of the country’s total exports. Since the 1970s, the industry has grown to become the country’s largest single source of export revenue. Its apparel industry is on high growth trajectory and is targeted to reach US$ 5 billion revenue from apparel exports during 2011-2016. However, the industry posted US$ 4 billion revenue from apparel exports last year despite the loss of European GSP+ concessions.

The Taiwan Textile Fairs in South Asia 2012 showcased their latest innovations for 2012-13 to the Indian and Sri Lankan marketers, sourcing agents, buying houses, partners, distribution channels & key decision makers. The show received a tremendous response from the industry who came in large numbers to the fairs in Sri Lanka and India.


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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