Intex South Asia, an international textile sourcing show of South Asian region will be held on November 16 and 17, 2015 in Colombo, Sri Lanka. The exhibition brings together textile manufacturers and exporters of yarns, apparel fabrics and clothing accessories from India, Pakistan, Bangladesh, Sri Lanka, China, Korea, Taiwan, Hong Kong and Indonesia.
With over 150 leading textile suppliers showcasing their contemporary, trendy and innovative spring/summer collections and targeting buyers from SAARC, GCC, Africa and South Asia region, this exhibition has positioned itself as a focused networking platform for the global apparel market. Intex South Asia is a one-stop sourcing platform to connect with fabric importers, distributors, garment exporters, garment manufacturers, buying houses and buying agents, local and international retail chains, departmental stores, apparel brands, fashion designers and merchandisers.
South Asian markets emerge strong
The global apparel market is estimated at $1,100 billion with trade value of $700 billion. South Asian countries such as India, Bangladesh, Pakistan and Sri Lanka are among the top 10 with the world’s largest textile and apparel exports. South Asia is proving to be a powerhouse for global apparel industry. With a projected high growth rate of 12 per cent every year, India is expected to become one of the biggest markets by 2025. India’s demand for apparel is slated to rise from $65 billion in 2011 to $122 billion by 2017.
Bangladesh is the world’s second largest apparel exporter after China and is expected to cross $50 billion mark by 2020. With 60 per cent apparel exports to Europe and 23 per cent apparel exports to the US, Bangladesh will expand its manufacturing and move up the value chain into lingerie and functional apparel.
Sri Lanka besides its growing value additions in terms of designing, manufacturing, green and ethical manufacturing is also looking to grow its own $2 billion domestic market. With strict compliance to international standards as well as an assured high quality, the ‘Made in Sri Lanka’ label is readily accepted worldwide.
Pakistan is the 8th largest producer of textile products in Asia. With a rise in textiles and clothing exports by 45 per cent over the past five years as well as benefits offered by the EU under the GSP+ duty-free trade scheme, Pakistan is coming out of its dip in manufacturing and exporting activities. The garment and apparel manufacturing hubs are hence, now relocating from the global powerhouse of China to the South Asian markets of Bangladesh, India, Sri Lanka and Pakistan due to reduced labour and logistics cost and increased support from the government.
Sri Lanka, a gateway to the world
Intex South Asia provides the exhibitors and buyers the opportunity to reap the benefits of the booming $67 billion Sri Lankan economy. Strategically located at cross roads of the east and west sea routes Sri Lanka is the point of entry to South Asia and a top clothing producing country in the world. With an expected growth rate of 8.5 per cent, the country has the reputation of being one of the most business friendly nations within the South Asian region.
Being politically neutral and visa friendly, Sri Lanka provides a platform to entrepreneurs from India, Bangladesh, Pakistan Nepal, Bhutan and Maldives to freely do business in an encouraging environment. Good connectivity and regular flights from the EU, Middle East, South and South East Asia, make Sri Lanka an ideal destination to host Intex South Asia.
www.intexfair.com
