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Indian textile firms eye Nigerian market with INTEXPO
01
Mar '13
In a bid to gain better access to the Nigerian market, around 20 Indian textile firms participated in the two-day Indian Textile Exhibition (INTEXPO) that recently concluded in Lagos, the commercial capital of Nigeria.
 
Jointly organized by Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) and the Indian High Commission in Nigeria, the first of its kind expo aimed at helping Indian and Nigerian textile firms to join hands to develop effective forward and backward linkages.
 
A wide range of textile items ranging from yarn and fibre to dress materials, suits and embroidered fabrics were on display at the show, which was aimed at facilitating mutually beneficial collaboration between textile industries of the two countries.
 
Mr. Mahesh Sachdev, India’s High Commissioner to Nigeria, who officially launched the event, said Nigeria is emerging as an attractive investment destination for Indians. This can be seen in the increasing number of Indian firms launching their operations in Nigeria. 
 
Several Indian firms which now operate in Nigeria have become the second biggest employer there, just next to the country’s federal government, he added.
 
He said the Nigerian Government has partially withdrawn the ban on import of textile products.
 
INTEXPO is aimed at bolstering trade ties between the two nations, especially in man-made textiles, Mr. Sachdev said.
 
According to him, man-made textiles contributed over US$ 80 million to India’s total US$ 138 million textile product exports to Nigeria during last fiscal.
 

Fibre2fashion News Desk - India


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