Sep '10
The India Knit Fair organized at the KNITWAR CAPITAL OF INDIA TIRUPUR has maintained the stream of good number of Buyers/Importers from all over the world including Buying Agents/ Houses representing important Buyers and Chain Stores abroad. We have successfully conduced 30 such fairs in Tirupur with the enthusiastic participation of the exporting community .Since this India Knit Fair has already attained the International Fame and with these type of wide publicity the response for the fairs was extremely good.
Most of the global players are eying on India's potential with great interest as one of the key suppliers of Textiles and clothing. With improved technology, we have overcome the limitation like shrinkage and torque in knitted fabrics/garments and this has opened more opportunities.
Indian textiles sector has recorded significant recovery despite of global financial crisis, inflationary trends and volatility in commodity prices, which led to build up of strong demand side pressures. Despite slowdown, share of India's textile exports in total exports increased to 12.0 percent from 10.82 percent in 2008-09, according to Union Textile Minister Dayanidhi Maran in the “Look East Policy” new markets in Japan, South Asia, Australia, Latin America and South Africa have been tapped to promote exports, said Dayanidhi Maran.
With a view to strengthen the fibre economy and make the Indian textile and garment sector competitive in the long term, the Ministry of Textiles, Government of India had constituted a Working Group in an effort to formulate National Fibre Policy.
The Textile Ministry has come out with packages to help exporters in the sector to look more towards East in an attempt to help them to diversify beyond the traditional Western Market. Wider market options will help the exporters to be in good even while encountering market crisis in specific regions and thereby remains competitive in the global market.
Diversification from cotton-based knitwear products to apparels made of man-made fibers is the need of hour for the Tirupur Garment Exporter to ensure them selves' round-the-year business. Heavy dependency on cotton-based knitwear products as at the moment would restrict the export opportunities of businessmen to a very small segment of the market.
AEPC has set up KNITWEAR TECHNOLOGY MISSION (KTM), Tirupur as its Headquarters. The objective of the Mission is to help the exporting community to go in for wider range of products in different kinds of non-woven fabrics to a larger market. With the advent of the new fabric base, we could cater to a larger market.
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