On Tuesday, Naren Goenka, the chairman of the Apparel Export Promotion Council of India (AEPC), highlighted the immense opportunities present in the textiles sector. He emphasized that India offers a comprehensive value chain solution in the apparel segment, covering the entire process from farm to fashion. Read More Business News on our website.
Goenka also mentioned the India International Garment Fair (IIGF) held in Noida, which serves as a direct marketing platform for MSME exporters from all over the country. The fair brings together around 300 exhibitors, over 2,500 overseas buyers, and buying agents, making it the largest platform in Asia to showcase the latest trends in garments and fashion accessories and initiate the order-booking process.
Goenka stated that this platform offers significant opportunities, especially considering the projected growth of the global apparel market to reach USD 1.9 trillion by 2025. He further emphasized that events like these play a crucial role in fostering connections, bridging gaps, and strengthening bonds within the industry. Lalit Thukral, Chairman IGFA, informed that this edition of the fair has participants from 13 different states.
In conclusion, the textiles sector in India presents tremendous opportunities, offering a complete value chain solution from farm to fashion in the apparel segment. The India International Garment Fair (IIGF) serves as a vital platform for MSME exporters, bringing together numerous exhibitors, overseas buyers, and buying agents.
With the global apparel market projected to reach USD 1.9 trillion by 2025, these networking events play a crucial role in facilitating business connections and strengthening the industry. The participation of 13 states in the current edition of the fair further highlights the widespread interest and significance of the event. India’s commitment to providing quality products and efficient lead times gives it a competitive edge in the global market. With the continued support and collaboration within the industry, India is well-positioned to leverage its strengths and maximize the opportunities in the textiles sector.
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