The 10th Intex India, held at Pragati Maidan, New Delhi on 8-10 December, completed successfully with the participation of 150 textile manufacturing and supplying companies from over 8 countries. They showcased innovative, fashionable and sustainable textiles that attracted 4252 trade buyers from over 22 countries who visited the show looking to source a wide variety of textiles from India and international markets. Buyers’ delegations from more than 22 countries includes Italy, Spain, USA, Canada, Russia, Singapore, Malaysia, Vietnam, South Africa, UAE, Uzbekistan, Saudi Arabia, Bangladesh, Sri Lanka, and Nepal. Besides, more than 500 B2B meetings were organised between the international buyers and Indian exhibitors over 3 days, which would contribute to boosting India’s textile exports by $650 million in the coming years. It is stated that this increases India’s export base and creates employment opportunities by supporting the ‘Make in India’ program.
Worldex India Executive Director and organiser of Intex India Arti Bhagat said they are pleased to launch Intex in India and to see the participation of many high-calibre exhibitors and large numbers of international buyers here. Stating that there were a number of fruitful business meetings organised and many business deals closed successfully creating a positive atmosphere all around Intex India, Bhagat disclosed: “The exchanges at the fair have once again made it clear that there is a strong need for an international platform like Intex to showcase and promote strengths and opportunities in the textile and apparel industry of India and region.”
International exhibitors discovered new business and investment opportunities at Intex India
Intex India was inaugurated with the participation of senior government officials, representatives from overseas missions and trade offices, leading exhibitors, overseas buyers and industry partners. This year at the exhibition, The Federation of Indian Chambers of Commerce & Industry (FICCI) under the aegis of the Department of Commerce, Ministry of Commerce, Government of India along with Worldex India Exhibition & Promotion Pvt. Ltd. jointly organised a ‘Reverse Buyer Seller Meet’ (RBSM) offering participating Indian exhibitors to promote their latest collections and connect with global buyers at the show. The RBSM empowered Indian textile players to scout for new business in developed and emerging markets, forge international connections, explore new markets opportunities, learn about buyers’ requirements and stay up-to-date with industry developments.
As the demand for man-made fibre (MMF) textiles all over the world is increasing as a substitute for cotton amid changes in global fashion trends, Intex India exhibition would offer international manufacturers & suppliers opportunities to explore new business and investment avenues in India under this sector and increase their supply-chain to fulfil the demand for sourcing innovative, eco-friendly and functional textiles which is much needed by the Indian apparel and fashion industry. Further, to increase its global market share, Indian manufacturers are producing a value-added range of garments and fashion accessories for the global buyers to increase their sourcing from India and reduce their dependency from China. Also, the Intex platform will assist the domestic apparel industry in offering high-value and sustainable garments to the fashion conscious and high-spending Gen Z and millennials consumers.
Today, India is known as one of the world leaders in textiles and is a key element of the global value chain being the world’s fifth-largest exporter for apparel, home, and technical textile products. Over the last few years Indian industry has dramatically increased production to fulfil the increasing demands of the domestic as well as export markets. India expects industry growth at 8% CAGR (Compound Annual Growth Rate) to reach $100 billion by 2030, estimating that this target would help India double its share of the global textile and apparel trade from the current level of 5%.