Competition from countries like Vietnam and Bangladesh has affected India's apparel exports. However, China is gradually losing ground in various regions due to a rise in labour costs. Thus, there is a scope for India to export textiles and apparel to markets like Russia that currently depend on China to fulfil their textile needs.
“We are eyeing non traditional markets like Russia, South America and some countries in West Asia, which are relatively free from turmoil like Saudi Arabia, Kuwait, Qatar and the United Arab Emirates. We will hold roadshows to showcase Indian textiles in these markets,” a senior official told a news agency.
The roadshows are expected to attract foreign direct investment and create jobs in India. The secretary general of the Confederation of Indian Textile Industry said that according to a World Bank report on apparel sector, international buyers are looking at economies, which have the entire value chain and India is the only politically stable economy apart from China, which can offer that. He believes that roadshows will provide an opportunity to capitalise on India's potential in the sector.
Earlier this year, the Indian government approved a special package of Rs 6,000 crore for textiles and apparel sector to attract investments of $11 billion, create 1 crore new jobs in three years and generate $30 billion in exports. A new National Textiles policy is also in the works, which aims to achieve $300 billion exports by 2024-25 and create 35 million jobs. (KD)
Fibre2Fashion News Desk – India
Textiles | On 24th May 2022
The exports of textiles and apparel from the United States were up by ...
Apparel/Garments | On 24th May 2022
As the German economy is at the risk of shrinking by 2 per cent this...
China will adopt a slew of strong and targeted measures to stabilise...
Textile Industry Head honchos
Multi-functional garments will be next big thing
Global supply chain collapsed during the pandemic
Florian Heubrandner Lenzing AG
Cannot see the world breaking away from cotton & polyester
T Rajkumar
<div>Confederation of Indian Textile Industry (CITI) being one of the...
K Madhavan
Established in 2005 by P Manjunath, Peps is India's largest inner spring...
Ghatit Laheru
When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...
Ingo Soller TWE Group
The TWE Group is one of the leading global players in the nonwovens...
Tonny De Beer PFNonwovens
PFNonwovens (PFN) was established in 2018 by the combination of two...
Francesco Vergentini A.Celli Nonwovens
A.Celli Nonwovens offers a complete range of rewinders and rewinders...
Asmita Marwa Asmita Marwa Design
Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...
Samant Chauhan Label Samant Chauhan
Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...
Archana Jaju Label Archana Jaju
<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...
Press Release
Letter to Editor
RSS Feed
Search Companies
editorial@fibre2fashion.com
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
By submitting you confirm you have read our Terms & Conditions and Privacy Policy.