The upcoming 67th India International Garment Fair (IIGF) will feature around 1,189 international buyers from 59 countries, says Naren Goenka, Chairman, AEPC. The event will provide a direct marketing platform to MSME exporters from across the country. It will bring together around 500 exhibitors and over 2,000 overseas buyers and buying agents, he adds. Buyers will hail from countries like: US, Brazil, Japan, UK, Spain, Australia, Poland, Colombia, Greece, Italy, Egypt, Chile, Argentina, UAE, Thailand, France, Germany, Canada and Iran, etc
Held in January 2020, the last physical fair generated business worth $166.17 million. AEPC expects a 10 per cent growth this year despite adverse marketing conditions in various countries.
The global apparel market is expected to generate revenues of around $1.8 trillion in 2022 and $1.9 trillion in 2025 before it closes to $2 trillion in 2026, adds Goenka. AEPC has put up a stall for start-ups to showcase their innovations in the textiles and garment sector. Currently, there are 600 textiles start-ups in India and the Production Linked Incentive scheme would be a window to the investment flow into India and thrust exports of MMF Apparels and Technical Textiles along with scaling their production to match global demand, opines Piyush Goyal, Textile Minister.