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Indian textile delegation in Iran to boost exports
20
May '13
A high-level Indian delegation led by Textiles Secretary Mrs. Zohra Chatterji is currently in Iran with an aim to increase Indian textile exports to Iran.
 
The visit of Indian team coincides with Combined Indian Textile Exhibition (INTEXPO), an exclusive three-day exhibition of Indian textiles, currently going on in Tehran. The exhibition has been organized as a follow-up action to the visit of an Indian textile delegation, led by Joint Secretary (Exports) Mr. V Srinivas, to Iran earlier this year.
 
At the INTEXPO, scheduled to conclude on May 21, 2013, more than 60 Indian firms are showcasing the entire range of Indian textile products, including different kinds of fibres, yarn, fabric, apparel and accessories.
 
Speaking at the inauguration of the India’s biggest and first-ever exclusive exhibition on textiles in Iran, Mrs. Chatterji termed India’s trade relations with Iran as “very vibrant” and expressed hope that the bilateral trade relations will improve further.
 
She said INTEXPO is a step forward towards expansion of bilateral trade between the two nations.
 
On the sidelines of the three-day event, the Indian delegation will discuss trade cooperation, especially the cooperation in the textile field, with representatives of the Iranian textile sector as well as with Government officials.
 
INTEXPO has been organized with the active guidance and support of the Indian Embassy in Tehran and the Indian Ministry of Textiles as well as the Ministry of Commerce and Industry.
 
Association of Iranian Textile Industries, Iranian and Tehran Chambers of Commerce & Industry, Association of Fabric Wholesalers, Iran Textile Exporters & Manufacturers Association, Iranian Fashion Designers, Association, etc., have welcomed India’s decision to hold INTEXPO.
 
In 2011, for which figures are available, Iran imported a total of US$ 3 billion worth of textiles and garments, with India accounting for a 13 percent share.
 
Around half of Iran’s textiles and apparel imports are of man-made fibre (MMF) textiles, with India contributing for 16 percent, according to statistics of the Mumbai-based The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC).
 
During last five years, India’s MMF textiles exports to Iran skyrocketed by 396 percent to Rs. 11.6 billion in 2011-12, as per SRTEPC figures. Fabrics formed the bulk of India’s MMF textile exports to Iran with Rs. 8.35 billion, followed by yarn with Rs. 2.24 billion and fibre with Rs. 8.3 billion.
 

Fibre2fashion News Desk - India

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