USA Registers Maximum Number Of Buyers In Tex Trends India- 2014

Tex Trend Traid Fair -2014 was declared opened today and was innaugurated by Dr. K.S Rao. The trade fair is staged at Pragati Maidan the capital New Delhi of India.The trade fairis expected to do brisk business as it stands as a gateways for buyers and sellers, this leads to global exposure of indian textile industries. Over the time new styles in the Indian textile and the garment industry has always influenced global buyers.Tex Trends India is one of the largest garment sourcing window.

Tex Trends India 2014, will showcase futuristic fashions reflected in fine apparel and accessories for women, men and children with an exhaustive range of casual-wear, formal-wear, party-wear and sports-wear.This edition of Tex-Trends India - 2014 is one of the Asia’s largest textile shows covering Apparel, Fashion Jewellery and Accessories; Home Furnishing, Yarns, Threads & Fabrics, Silk, Synthetic, Rayon and Cotton textiles & Jute garments, etc. encompassing a vast exhibition area of around 7000 square meters. Nearly 400 reputed Export Houses of India will is expected to be the part of this grand exhibition.

Tex Tends 2014 is an initiative by the Ministry of Textiles, Govt. of India with financial assistance under the Market Access Initiative (MAI) of Ministry of Commerce & Industry, Govt. of India. AEPC, the largest Export Promotion Council has been entrusted the task of lead agency to organize this exhibition along with other Textile Export Promotion Councils.

The garment industry in india has seen a sustained growth of 15% in exports since the current finacial year since APR-DEC 2013. India recorded an export of $1244 million (USD) in the month of Dec-2013, growth of 17.4% comparable with same month last year amounting to $10555 USD) . Cummulative exports in the current finacial year (Apr-2013-Dec-2013) increased by 16.3% with thre more months remaining in the current financial year. Not only have the traditional market such as USA & EU grown but, the non- traditional markets also have grown during April-September 2013.

EU is the top most RMG export destination of India with US $ 2794.1 million, followed by USA where exports from India were to the tune of US$ 1642.5 million, West Asia is the third largest regional apparel export destination of India with US$ 1270.8 million, India’s exports to Africa was to the tune of US $ 311.3 million.

Tex Trends India 2014, featuring over 380 exhibitors- displaying diverse range of products from the entire length and breadth of the country. 3264 global buyers and 442 buying agents have already registered for the Fair.

Chairman AEPC Mr. Uppal asked to provide more concessions by raising the limit of 5 to 10 % and from 10 to 20 % for small and medium industries respectively. Apparel sector alone engages around 11.2 million workers and contributes almost 50 % of the entire textiles exports, it has the latent potential to absorb more people, therefore focusing on this sector is extremely important.