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Although 34th in the series, the Apparel Export Promotion Council (AEPC) is organizing the first India International Garment Fair in Quota Free Era, from 23rd to 25th Jan.’2005 in Hall No. 18, Pragati Maidan, New Delhi. AEPC has been organizing the Garment Fair since 1988 in collaboration with the four major Garment Exporters Associations. The fair has gained prominence over the years. This is evident from the turn out of buyers and buying agents and the business generated during the last three years. While there were only 384 visitors during Autumn/Winter Fair 2002, 728 Buyers and Buying Agents visited the fair during July 2004, thereby registering an increase of 90% in just 3 years. Again, the Business generated in the Fair, 2002 was a meager US$ 6.5 million has reached to phenomenal US$ 54 million during July 2004, showing a whooping 730% increase.
It is expected that India will be a gainer as a result of dismantling of quotas. Various important buyers like JC Penny, Philips Van Heusen Corporation, Kellwood Company and management consultants like McKinsey & Company have projected that India could be the next biggest winner after China due to abundant raw material availability, robust textile industry, IT industry support, design capabilities, etc. The study has predicted that India garment exports could grow to the tune of 15-18% per annum and reach over US$ 25-30 billion by 2013 if reforms are implemented. Hence it is expected that the 34th IIGF will generate a business of US$ 65 million.
Inauguration
Ms. Carol Vesuvio of the BMB Group inaugurated the Fair at 10.30 AM on 23.1.2005. The group is a big buyer of United Kingdom having a turn over of more than £100 million. Sh. Sudhir Bhargava, IAS, Joint Secretary (Exports), Sh. Pritam Goel, Chairman (EAC) also attended the inaugural ceremony.
The Hon’ble Union Minister for Textiles, Sh. Shanker Sinh Vaghela would be distributing the Best Display Awards to the participants on 24.1.2005 at 4.00 PM
Participants
There will be 252 participant exporters from major cities like Mumbai, Tirupur, Bangalore, Chennai, Kolkata, Ludhiana, Jaipur etc. including three overseas participants from Hong Kong, USA & Thailand, who would be displaying their Autumn/Winter 2006 collections. This year, the exhibitors will lay emphasis on Hi-Fashion ladies trendy dresses, knit T-Shirts, Skirts, Blouses & Ponchos, Denim wear, Knitwear, Private Labels – Fashion, Designer’s labels-fashion, Track Suits, Casual wear, Children’s wear, silk garments, nightwear and pajamas, Exclusive embroidered Rayon & Cotton crape blouses, printed georgette, heavier georgette, tie and dye fabrics & rayon crape dresses, trousers, embroidered flexi dresses & two pc. sets and value added garments.
Big buying delegations from Denmark, Spain have confirmed their participation while major buyers from UK & USA have been invited by AEPC. Some of the leading buyers who have confirmed their visit is as follows:
1. 1. Cortefiel group- Spain
Ms. Cristina G-Felgueroso, General Manager
Company Information
Turnover- 628 million Euro,1000 stores in EU, based in Spain Germany , UK.
Number 14 in the Top 75 company in Europe as per Euratex list.
Brands include Cortefiel, Springfield, Milano, Women'Secret, Douglas, Pedro de, Hierro.
Products interested in - Menswear
2. 2. Street One- Germany
Ms. Marianne Ritter, Head - Design and Product development
Company Information
Turnover- 400 million Euro. In 1994 the holding opened the first Street One shops in Hanover and Cologne. It has 1000 Street One stores and shops and more than 2,500 multi-label retailers.
Products interested in : Young Fashion
3. 3. Torrero- Spain
Mr. Moniruddin, Owner
Company information:
Retailer from Spain , 60 shops in Spain. full of life and affordable fashion for young men and women.
Products interested in – young fashion casual wear
4. 4. Angel one, USA
Mr. Sina Arey, Owner
Company information
Wholesalers of chiffon and georgette skirts, dresses, 2 piece sets, and blouses for the junior and contemporary women in business for over 18 years in the Fashion District of Downtown Los Angeles.
Products Interested in: Manufacturers who specialize in moderate to high end chiffon blouses, skirts, and dresses in New Delhi. Also looking for an agent that can introduce him to the garment factories.
5. 5. Amura- Spain
Mr Pedro Regojo Otero, President:
Mr Carlos Javier Borines Fernandez
Company Information:
30 million Euro Turnover, Young casual wear for men and women
Products interested in – Young casual wear for men and women
6. 6. PROMATEX, Spain
Mr. Joaquin Roger, Owner
Company information
Spanish company producing jeans in Europe.
Products interested in - want to start to producing jeans in India, looking for Jeans and chino producers with competitive prices and medium and high production.
The apparel sector in India is a key catalyst of the growth of the Indian economy and society. The apparel sector is the largest generator of dignified and gender sensitive employment, both directly and indirectly, in the manufacturing sector. The apparel sector also generates very significant foreign exchange earnings. Informed international experts’ opinions anticipate that with the proactive Government support the apparel sector, India is poised to replicate the ‘Indian software success story’.
Table – A socially conscious forex accelerator
1993-94
2001-02
2003-04
2010-11
Contribution to direct and indirect employ-ment (in numbers)
1.58 mn.1
3.54 mn.
4.58 mn.
12.50 mn.
Contribution to export earnings2
US$ 3.65 bn.
US$ 4.4 bn.
US$ 6.2 bn.
US$ 25 bn.3
‘The Sector’ has achieved so much in spite of …. cascading direct and indirect tax regime, huge transaction costs, burgeoning costs of raw materials; inaccessible and costly infrastructure and unfriendly labour laws.
The Council is trying hard to remove all these bottlenecks by acting as a catalyst to the industry. One can well imagine the boom in the industry once these bottlenecks and hindrances are removed in the post quota regime, which the Government is well aware and is giving all support in dismantling all hindrances with the dismantling of quotas.
Review of Exports
Exports of readymade garments to Restricted Countries during the period January-December 2004 have amounted to 1248.3 million pcs. Valued at US$ 5205.6 million (Rs.23582.80 Crores). This represents an increase of 5.48% in terms of quantity and 11.86% in terms of value (US$) when compared to the same period of previous year.
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