Indian Textiles Exhibition begins in Egypt

An Indian textile exhibition today began in Egypt where textile companies are showcasing the latest range of yarn and fabrics in a bid to strengthen the trade between the two countries, particularly in the fast growing area of modern textiles.
The third edition of the Indian Textiles Exhibition in Egypt (INTEXPO EGYPT), is held at Cairo International Conference Centre until October 4.
"There has been a partnership between India and Egypt for a very long time. There is also a very wide spread cooperation in textile. India use to import cotton from Egypt and export garments to it," India's Ambassador to Egypt, Sanjay Bhattacharyya said during the opening of the exhibition.

The four-day exhibition is being organised by the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) of India in association with the Embassy of India and with the active support of Cairo Chamber of Commerce (CCC).
The 33 participating Indian companies will showcase their latest range of yarn and, which includes suitings, shirtings, dress materials, and embroidered fabrics/high fashion fabrics, furnishing, home textiles, scarves, stoles, shawls and yarns of man-made fibre and their blends.
Indian textiles and clothing industry output is USD 110 billion, of which around USD 40 billion is exported.

India is world's second largest producer of synthetic fibre & yarn, cotton, cellulosic fibre and silk and, Indian Man Made Fibre (MMF) textiles are currently exported to more than 140 countries.

Highly sophisticated and quality conscious European Union is the largest destination for the Indian exports of MMF textiles, which account for 28 per cent of the total exports, followed by North & South America, Asia (21 per cent each), Middle East (20 per cent) and Africa (10 per cent).
India exported around USD 360 million worth of textiles and clothing products to Egypt during the year 2014-15.
The exhibition is expected to draw a large number of trade visitors for fruitful business discussion with the Indian companies.
Egypt's President Abdel Fattah El-Sisi and Prime Minister Narendra Modi met in New York a few days ago during the United Nations' 70th General Assembly. It was the first meeting and it was an excellent occasion for settling the course of both countries' engagement in political, economic and cultural dimensions," Ambassador Bhattacharyya said.

"One of the key points of discussion (between Sisi and Modi) was about the economic engagement and they discussed various aspects of Indian business interests in Egypt," he said.
The exhibition aims at forging win-win partnership among the Indian and Egyptian companies for effective forward and backward business linkages in the near future. The objective is to strengthen the trade between the two countries through the Exhibition, particularly in the fast growing area of modern textiles.
"We have come here not as competitors but as collaborators or partners. Our basic objective is to forge the win-win relationship between India and Egypt," said Srijib Roy, head of the Indian delegation.