New Delhi: Textile Industry of India, still being in process of recovery from the impact of economic recession is making a move towards grabbing a share in the developing textile market of Latin America.
Brazil and Argentina were major investments in Textile Industry of India, would be playing host to another 22 companies in India likely to participate in Mega Textile and Clothing Exhibitions to be held in Buenos Aires at Argentina on 25th -26th March 2010 and on 29th-30th March 2010 at Sao Paulo in Brazil under flag of SRTEPC, Synthetic & Rayon Textiles Export Promotion Council.
Ambassador of India to Argentina, Paraguay and Uruguay, R Viswanathan said, Focus area is Latin America having huge potential for growth and expansion of textile export as India exporters is still not familiar with all these markets. Among the Latin American Countries, Argentina and Brazil are holding the highest potentials for raising the textile and clothing exports from India.
Though Argentina and Brazil import clothing & textiles worth Rs. 7,290crores and Rs. 17,243crores respectively, share of India in these markets is almost negligible at 6% & 12% respectively. Hence, tremendous scope is there getting an increase in the exports of Indian textiles especially to these markets and the mega events are meant to access this objective, explained Vishwanathan.
Event is a collective effort scheduled by SRTEPC in co-operation with Apparel & Cotton Textile Export Promotion Councils (AEPC & TEXPROCIL), in accordance with the active participation of concerned Missions from India.
Tags: Indian textile news, latest textile news, latest updates textile, manufacturer & export of house furnishing textile, textile, textile exporter and manufacturer, textile industry india, textile news, textile sector, textile updates