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Coimbatore to host first ever reverse buyer-seller meet
27 Mar '10
2 min read
The 'Global India Textile Show', a unique event in South India will commence from March 26 and will run for two days in Coimbatore. Around 150 purchasers and buying agencies from across the world are participating in the first of its kind reverse buyer-seller meet, which will be inaugurated by Ms Panabaka Lakshmi, Union Minister of State for Textiles.
While talking to the media, Mr M.S. Mathivanan, Organising Committee Chairman, informed that it is expected that business enquiries worth over Rs. 10 billion will be generated through the meet as, buyers from countries like UK, US, Italy, France, Spain, Belgium, Moroco, Turkey, Mauritius, Egypt, Sri Lanka and Bangladesh would visit the event and get into direct contact with the sellers here.
He stated that woven fabrics summing up to Rs. 60 to 70 billion are being exported by India, with Tamilnadu contributing 50 percent of the same, and added that every year this figure goes up by 10 percent.
The fair will showcase products like grey, bleached, dyed and printed fabrics useful for garments pocketing, seating, etc. he said, and further added that household textile items alongside technical textile products will also be exhibited at the fair.
The event has been organized by the Powerloom Development and Export Promotion Council and the Union Ministry of Commerce, with assistance of the Union Textile Ministry.
It has been planned that the Council would set up warehouses in the European Union, like Belgium or Hungary alongside Sri Lanka, based on the number of enquires that successfully turn into orders. This will be done to facilitate timely execution of orders, he said.
While talking to the media, Mr M.S. Mathivanan, Organising Committee Chairman, informed that it is expected that business enquiries worth over Rs. 10 billion will be generated through the meet as, buyers from countries like UK, US, Italy, France, Spain, Belgium, Moroco, Turkey, Mauritius, Egypt, Sri Lanka and Bangladesh would visit the event and get into direct contact with the sellers here.
He stated that woven fabrics summing up to Rs. 60 to 70 billion are being exported by India, with Tamilnadu contributing 50 percent of the same, and added that every year this figure goes up by 10 percent.
The fair will showcase products like grey, bleached, dyed and printed fabrics useful for garments pocketing, seating, etc. he said, and further added that household textile items alongside technical textile products will also be exhibited at the fair.
The event has been organized by the Powerloom Development and Export Promotion Council and the Union Ministry of Commerce, with assistance of the Union Textile Ministry.
It has been planned that the Council would set up warehouses in the European Union, like Belgium or Hungary alongside Sri Lanka, based on the number of enquires that successfully turn into orders. This will be done to facilitate timely execution of orders, he said.
Fibre2fashion News Desk - India
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