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“Weaves” fair to attract over 1k entrepreneurs

Dec 07, 2018
“Weaves” fair to attract over 1k entrepreneurs

To facilitate the partnership between Indian and foreign buyers with manufacturers and traders, a four-day premier textile fair ‘Weaves’, with the theme “Global Connect for Weaving” was inaugurated at Texvalley. The last day of the exhibition will be December 8.

Organised jointly by the Confederation of India Industry (CII) and Texvalley, an integrated textile market, over 250 exhibitors representing the textile industry ranging from fabrics to weaving machines are taking part in the fair. Apart from this, buyer-seller meet is expected to attract about 1,000 business people to generate revenue of over Rs 800 crore.

Speaking at the inauguration, A Sakthivel, Vice-Chairman, Apparel Export Promotion Council and Regional Chairman, Federation of Indian Export Organisations, said that the State accounts for 60 per cent of yarn and fabric exports while it accounts for 85 per cent of knitwear exports.

He said that after 35 years, export from Tirupur has shown minus 15 per cent and the industry is doing everything to come back. The textile industry in the State provides 40 lakh jobs of which 60 per cent of the work force are women. “Reports were submitted to the Ministry of Textiles. If they don’t do it, knitwear exports may go out of India,” he cautioned. He wanted the Central and State governments to absorb the project cost that were implemented by the private parties.