Home / Knowledge / News / Fashion / 'We aspire to be centre of Asian fashion sector' – TAFF
'We aspire to be centre of Asian fashion sector' – TAFF
01
May '10
Mr Benny Pua, President of the Textile & Fashion Federation (Singapore), recently spoke at the launch of the inaugural Asia Fashion Summit, a key event of the Asia Fashion Exchange. He said, “The Asia Fashion Exchange, or AFX, is an integrated platform for the development of Singapore's fashion industry. Comprising other events such as Blueprint, Audi Fashion Festival and Star Creation, it brings together the private sector, the Textile and Fashion Federation of Singapore, and government agencies such as the Singapore Tourism Board, International Enterprise Singapore and SPRING Singapore, for an all-rounded representation of the industry. The AFX leverages a three-pronged approach – cultivating design talent, stimulating both local and international demand, and positioning Singapore as the centre of Asian fashion on the international stage.

“As the first Asian information exchange for fashion matters, this Asia Fashion Summit sets out to be the central driving force for the development of Asia as its strategic fashion hub. Asia has become the most attractive market destination for the fashion and retail industry, with its growing middle class demonstrating increasingly sophisticated tastes. According to Euromonitor International, the Asia Pacific had a combined purchasing power for fashion and footwear of some US$370 billion in 2008, a dramatic increase of over 60% from US$227 billion in 2007.

Asia has also rebounded from the global financial crisis faster than its Western counterparts. Consumer confidence in most Asia Pacific countries, with the exception of Japan, has returned to pre-crisis levels. The Asian fashion retail market is also expected to gain momentum in the coming years. The Asian fashion market size is projected to grow at more than 5% compounded annual growth rate from 2008 to 2013, compared to a possible contraction in Western Europe and in North America.

“Today's summit boasts an impressive lineup of celebrated speakers from around the world, who will touch on the challenges and opportunities for the industry in today's constantly changing market and consumer patterns. There will also be opportunities for participants to exchange ideas on fashion trends, market opportunities and growth strategies. Likewise, trade practitioners from all stages of the supply chain can network with one another. Indeed this Summit complements very well the Blueprint trade show, as well as the Audi Fashion Festival which are being held concurrently as part of AFX. It is also of immense benefit to aspiring designers hoping to break into the international fashion scene.

“Singapore's fashion apparel industry has evolved significantly over the last 20 years. It has grown from an Original Equipment Manufacturer (OEM) role to one that emphasizes retail, innovation and design creativity. With an estimated sourcing volume of about US$3 billion, Singapore is now recognised as the second largest fashion apparel businessand sourcing hub in Asia-Pacific after Hong Kong.


Must ReadView All

Trump announces tariffs on $200 bn worth Chinese imports

Apparel/Garments | On 18th Sep 2018

Trump announces tariffs on $200 bn worth Chinese imports

US President Donald Trump escalated the trade war with China on...

Courtesy: Sunrise Bumi Textiles

Textiles | On 18th Sep 2018

Sunrise Bumi developing new products for profitability

Sunrise Bumi Textiles, one of the world's leading quality yarn...

New Zealand bans sheep mulesing

Textiles | On 18th Sep 2018

New Zealand bans sheep mulesing

New Zealand has banned the practice of mulseing sheep, making the...

Interviews View All

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Mohammad Mamun Ar Rashid, UL VS Bangladesh Ltd

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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


September 2018

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

news category


Related Categories:

Advanced Search