Rajasthan's Vastra 2013 generates business of $69.3mn

08 Oct '13

1 min read

The second edition of the Indian state of Rajasthan’s international textile and apparel fair, ‘Vastra 2013’, which concluded recently, has generated business worth over Rs. 4.25 billion, which is around US$ 69.3 million.

Naveen Mahajan, managing director of Rajasthan State Industrial Development and Investment Cooperation (RICCI), said the business generated of US$ 69.3 million during the four-day festival, is higher compared to the US$ 61 million generated in its previous edition, reports Business Standard quoting PTI.

The international fair, co-organized by RICCI and Federation of Indian Chambers of Commerce and Industry (FICCI), with the support of the Ministry of Textiles, saw participation of over 200 exhibitors, showcasing variety of products including apparels, home textiles, fashion accessories, carpets, rugs and bags.

The fair serves as a platform for launching new products, exploring avenues for new business relations, Joint Ventures, strategic alliances and partnerships with worldwide textile firms which are looking for setting up businesses in India.

In 2012, the Vastra textile fair generated business worth US$ 61.90 million, and attracted participation of 178 exhibitors and 361 international buyers, as well as 36 Indian buying houses.

Fibre2fashion News Desk - India

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