Home / Knowledge / News / Fashion / 'We aspire to be centre of Asian fashion sector' – TAFF
'We aspire to be centre of Asian fashion sector' – TAFF
01
May '10
Mr Benny Pua, President of the Textile & Fashion Federation (Singapore), recently spoke at the launch of the inaugural Asia Fashion Summit, a key event of the Asia Fashion Exchange. He said, “The Asia Fashion Exchange, or AFX, is an integrated platform for the development of Singapore's fashion industry. Comprising other events such as Blueprint, Audi Fashion Festival and Star Creation, it brings together the private sector, the Textile and Fashion Federation of Singapore, and government agencies such as the Singapore Tourism Board, International Enterprise Singapore and SPRING Singapore, for an all-rounded representation of the industry. The AFX leverages a three-pronged approach – cultivating design talent, stimulating both local and international demand, and positioning Singapore as the centre of Asian fashion on the international stage.

“As the first Asian information exchange for fashion matters, this Asia Fashion Summit sets out to be the central driving force for the development of Asia as its strategic fashion hub. Asia has become the most attractive market destination for the fashion and retail industry, with its growing middle class demonstrating increasingly sophisticated tastes. According to Euromonitor International, the Asia Pacific had a combined purchasing power for fashion and footwear of some US$370 billion in 2008, a dramatic increase of over 60% from US$227 billion in 2007.

Asia has also rebounded from the global financial crisis faster than its Western counterparts. Consumer confidence in most Asia Pacific countries, with the exception of Japan, has returned to pre-crisis levels. The Asian fashion retail market is also expected to gain momentum in the coming years. The Asian fashion market size is projected to grow at more than 5% compounded annual growth rate from 2008 to 2013, compared to a possible contraction in Western Europe and in North America.

“Today's summit boasts an impressive lineup of celebrated speakers from around the world, who will touch on the challenges and opportunities for the industry in today's constantly changing market and consumer patterns. There will also be opportunities for participants to exchange ideas on fashion trends, market opportunities and growth strategies. Likewise, trade practitioners from all stages of the supply chain can network with one another. Indeed this Summit complements very well the Blueprint trade show, as well as the Audi Fashion Festival which are being held concurrently as part of AFX. It is also of immense benefit to aspiring designers hoping to break into the international fashion scene.

“Singapore's fashion apparel industry has evolved significantly over the last 20 years. It has grown from an Original Equipment Manufacturer (OEM) role to one that emphasizes retail, innovation and design creativity. With an estimated sourcing volume of about US$3 billion, Singapore is now recognised as the second largest fashion apparel businessand sourcing hub in Asia-Pacific after Hong Kong.


Must ReadView All

Uzbekistan wants joint ventures with Hungarian textile firms

Textiles | On 20th Feb 2018

Uzbekistan wants joint ventures with Hungarian textile firms

Uzbekistan has offered Hungary to create joint ventures in the two...

Vietnam’s textile & garment exports up 10.68% in 2017

Textiles | On 20th Feb 2018

Vietnam’s textile & garment exports up 10.68% in 2017

Vietnam came very close to achieving its 2017 textile and garment...

Courtesy: Urban Outfitters

Apparel/Garments | On 20th Feb 2018

Urban Outfitters Q4 FY18 sales climb 5.7%

The net sales of Urban Outfitters, Inc., a leading lifestyle products ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh Patel
Sidwin Fabric

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

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch 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

February 2018

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
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

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
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

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
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

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
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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