Home / Knowledge / News / Apparel/Garments / Prime Source Forum to debut in Jakarta in Jan 2013

Prime Source Forum to debut in Jakarta in Jan 2013

16
Oct '12
Prime Source Forum (PSF) - Focus on ASEAN will make its debut in Jakarta, Indonesia on 30 January 2013, bringing the established PSF brand, which has seen 7 successful editions in Hong Kong and the first PSF satellite event in Delhi held last September.

PSF is the annual forum for the global fashion industry. Since 2006, it has been held annually in March in Hong Kong, bringing together more than 400 senior executives from all over the world to discuss the challenges and opportunities that manufacturers, suppliers and retailers face, particularly those pertaining to the supply chain.

Michael Duck, Executive Vice President of UBM Asia Ltd and Director of Asia Pacific Leather Fair Ltd (APLF) said, “ASEAN is home to a burgeoning population of 600 million people, which is equivalent to 9% of the world's population. As a single economic bloc, it’s combined nominal GDP of USD 2 trillion ranks 9th in the world. We should definitely not underestimate this fast growing region.”

“There is no better platform than PSF - Focus on ASEAN to promote the region, its economies and the sourcing activities of its textile and apparel industries to the world,” stated Ade Sudradjat, Chairman of the Indonesia Textile Association (API) and the ASEAN Federation of Textile Industries (AFTEX). Both associations have already confirmed their support of PSF - Focus on ASEAN.

The ASEAN textile and apparel industry is building on its already robust exports of apparel to major markets, proactively integrating upstream to downstream elements of the supply chain in order to create a more vertical sourcing platform. This is according to Michael J. Blakeley, Director of the VALUE Project which is funded by the U.S. government and supports integration of key ASEAN industries. “Global brands and retailers are certainly seeking more competitive arrangements with their vendors in ASEAN and the local industry is attempting to respond,” Blakeley said.

“Existing trade arrangements with growing markets like China create additional competitive reasons to produce apparel in ASEAN. Trade preferences with the EU have allowed industries in Cambodia and Laos to grow and increase capabilities. Future trade preferences currently being discussed or negotiated could also lead to interesting opportunities for apparel produced in ASEAN,” emphasised Blakeley.

He added, “Once the ASEAN Economic Community comes into effect in 2015 and ASEAN operates as a single production base, the region will surely be more efficient and cost effective with dramatic improvements in trade facilitation.”


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2020

UK risks losing up to 14% of exports to EU if no deal: UN

Non-tariff measures could cause major fractures in post-exit UK-EU...

Pic: Shutterstock

Textiles | On 26th Feb 2020

Turkey's textile industry employs 1.67 mn: minister

Turkey's textile and garment industry currently employs around 1.67...

Pic: UNCTAD

Textiles | On 26th Feb 2020

Barbados unveils one-stop investment guide

As Barbados prepares to host the 15th quadrennial conference of the...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Bora Akris,

Bora Akris

Realkom, headquartered in Istanbul, is a fully integrated textile company...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search