FIEO at ASAP Global Sourcing Show
|
FIEO led a nine-member delegation, representing sectors such as garments, home textiles, silk fabrics and fashion wear, to ASAP Global Sourcing Show held at Las Vegas from 26th to 29th August. The participants claimed to have fetched business worth at least US$ 300,000 during the show. Western Region Chairman of FIEO, Mr. S. K. Saraf led the delegation. Visiting buyers were found looking for eco-friendly products made from non-toxic inputs under standard social norms. They sought fabrics made from organic cotton and processed with vegetable dyes. The global textile and clothing industry is worth more than US$4.4 trillion, with clothing accounting for 60% of the market share and textiles the remaining 40%. Global trade in textile and clothing is currently at $356 billion and is expected to grow to $600 billion by 2010. The United States and the European Union together dominate consumption, accounting for 64% of clothing and 39% of textile. The dominant markets for India’s textile and apparel exports are the US and EU, which together account for nearly 65% for its total exports. India is one of the leading suppliers of readymade garments to US. The US textile & apparel industry serves the world’s biggest market for finished textiles and clothing. US fibre consumption per head is higher than anywhere else in the world. The US apparel market is also the world’s most lucrative market. This has made it a prime target for exports from low-cost countries.
|
 |
|
|
Mr. S.K. Saraf, Leader of the Indian Delegation and Chairman, FIEO(WR) (right) discussing with the visiting buyers at FIEO stall. |
||
 |
||
|
A view of the Indian participants stall. |
||
 |
||
|
A view of the Indian participants stall. |
