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INTEXPO–Unique Indian textile exhibition in Kuala Lumpur |
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2011-10-25
Keeping in view the emerging opportunities for India’s Textile exports to the ASEAN region, The Ministry of Textiles has announced the holding of combined Indian Textile & Clothing Exhibition – “INTEXPO” in Kuala Lumpur, Malaysia from 22-24 November 2011. With The Synthetic Rayon Export Promotion Council (SRTEPC) as the Lead Council and participation of leading Textile councils and organisations, INTEXPO is one of the pioneering efforts made by Indian Textiles Industry to showcase the entire range of Textiles, Garments and accessories on a common platform in the ASEAN region.
The Exhibition is being organized in the context of The India-Malaysia Comprehensive Economic Cooperation Agreement (CECA) which has come into effect from 1st July 2011. “The Agreement is likely to throw up myriad trade opportunities for both sides and would give a boost to India’s ‘Look East’ Policy. Trade between the two countries reached $10 billion in 2010-11, an increase of 25% from the previous year.
It is expected that the implementation of this Agreement will boost bilateral trade to US15 billion dollars by 2015. Malaysia’s ASEAN ‘plus’ tariff concessions to India are on 140 items including cotton garments, Man-made staple fibres and apparel articles which all are of considerable export interest to India.” said Ms. Rita Menon, Secretary to the Government of India, Ministry of Textiles.
INTEXPO will be co-located with INTRADE 2011 – Malaysia’s largest trade event organized annually by the Malaysian External trade Development Corporation. An elaborate publicity campaign has been drawn up to publicize INTEXPO in Malaysia and the neighbouring ASEAN markets.
About 200 leading buyers from various ASEAN countries will also be hosted by the organizers. The Exhibition has the active support of the Indian High Commission in Kuala Lumpur, the Malaysian Authorities and the various Textile/Trade Associations of Malaysia like Malaysian Textile Manufacturers’ Association, Malaysian Indian Chamber of Commerce & Industry, etc.
About 100 Indian leading textile companies are expected to participate in INTEXPO. The Expo offers a unique opportunity for the Indian companies to display their entire range of products, meet leading buyers from Malaysian and other neighbouring countries and conclude profitable business deals.
Textiles plays an important role in the Indian economy, India is today the largest exporter of yarn in International markets, largest producer of Jute, 2nd Largest producer of Silk, 3rd Largest producer of Cotton and Cellulosic Fibre / Yarn, 5th Largest producer of Synthetic Fibres/Yarn and 23% of the World’s Spindle Capacity in installed in India. INTEXPO will help International customers appreciate India’s supply capabilities and enable Indian exporters to meet new clients from all over the world.
Source:fibre2fashion
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