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'Indian textile exports to Peru may quadruple by 2015'
May '14
India presently exports textiles worth US$ 55 million to Peru, and this amount could increase by four times by the end of 2015, said deputy director of the Synthetic & Rayon Textiles Export Promotion Council of India (SRTEPC) Srijib Roy, at the recently concluded India Business Conference and Exhibition of Textile Industry (INTEXPO Peru 2014), held in the Peruvian capital city of Lima.

Mr. Roy explained that currently textile entrepreneurs in Peru purchase raw materials from other countries at high prices and it would be an advantage for them if they import textile and raw materials from India, especially fabrics for garments, reports Peruvian news agency andina.

According to the SRTEPC official, India can offer Peruvian entrepreneurs high quality products at competitive prices, and purchasing Indian textile and raw materials could be beneficial to both the countries.

Mr. Roy also informed that during the two-day event, 11 textile entrepreneurs from India managed to generate business deals worth US$ 1.85 million with Peruvian businessmen.

Lima Chamber of Commerce (CCL) vice president Raul Barrios said that the visit of the 11 Indian textile entrepreneurs to Peru would help accelerate talks for a Free Trade Agreement (FTA) between the two nations which would increase trade relations between India and Peru.

Organized by the SRTEPC, with the support of Indian Embassy in Lima and the Lima Chamber of Commerce (CCL), the INTEXPO PERU event was aimed to provide an opportunity to Indian entrepreneurs to establish trade contacts with Peruvian textile and apparel enterprises.

Exhibitors from India showcased various products such as polyester yarn, viscose yarn, organic cotton yarn, acrylic yarn, polyester threads, viscose threads, cotton fabrics, polyester fabrics, linen fabrics and more, during the two-day event.

Fibre2fashion News Desk - India

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