Ms. Nirupama Rao, Ambassador of India to USA, inaugurated the fair on 28th at New York. Speaking on the opening she said, “We are happy to learn that AEPC is organizing their Buyer Seller Meet in New York from January 28th - 29th, with a contingent of top apparel exporting companies from India. We are pleased to work with the AEPC in the organization of this show, which we are confident will further spur and deepen the commercial engagement of Indian Apparel Exporters in the U.S. market.”
Ambassador also expressed happiness at the renewal of the Commercial Dialogue between the two countries. BSM New York will provide the forum in which both the e India and U.S. private sectors can collaborate on issues of mutual interest, thereby ensuring that our trade relationship continues to grow and diversify.
Chairman AEPC, Dr. A Sakthivel commented on the inauguration by stating that, “Buyer- seller- Meet at New York aimed at B-2-B meeting for the bulk booking with an objective of discovering new range of USA markets including womenswear, menswear, High Fashion and occasional wear, knitwear, kidswear, etc. The Buyer Seller Meet was arranged with 35 booths. This fair included participant like buyers and importers, buying house and agents, wholesalers, distributors, retailers, brand owners, and mail orders companies among others.
AEPC via this BSM has taken an imitative to tap the renewed momentum. AEPC has also tied up with a New York based company Trade goods which is a B2B sourcing community that connected the buyers and suppliers. USA is the number one destination for the export of Indian apparels. During 2011, the garment imports to USA from World were around US$ 81514.10 million dollars. India exports garments of worth US$ 3534.40 million to USA, which accounts for 4.33% share in USA’s total garment imports. Apparel imports of the United States witnessed an increase of 0.5 per cent in Jan-May 2012 from the corresponding period of previous year and amounted to 29.5 billion dollars.
Commenting on the strengths of Indian Garments and Textiles Industry, Chairman AEPC, Dr. A Sakthivel, during inauguration said, “In recent year India has been the focal point of continuous growth. India manufactures 236 products across all categories of Knitted and Woven garments. We have about 6 million strong skilled and efficient labour force and abundant availability of natural Cotton and Silk fabrics and man-made fabrics. We have our own cotton & cotton yarn, we are the third largest producer of raw cotton, second largest producer of cotton yarn, second largest producer of cellulosic fibre / yarn, second largest producer of silk, fifth largest producer of synthetic fibre / yarn and largest producer of jute in the world.”