Thirty three Indian textile companies will showcase their latest range of yarn and fabrics in a textile exhibition in Egypt, one of the biggest markets for Indian textiles, currently poised at USD 360 million.
The third edition of Indian Textiles Exhibition in Egypt (INTEXPO EGYPT), to be held here from 1st to 4th October, is being organised by the Synthetic & Rayon Textiles Export Promotion Council of India in association with the Embassy of India and with the active support of Cairo Chamber of Commerce.
The 33 participating Indian companies will showcase their latest range of yarn and fabrics, which will include 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, according to a statement by the Embassy of India.
The INTEXPO is aimed 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 trade between the two countries through the exhibition, particularly in the fast growing area of modern textiles, the statement added.
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.
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.
Historically, textile industry has been the pioneer of industrialisation in India and occupies a unique place in the economy of the country by virtue of its contribution to the industrial output.
