New Delhi: India is organizing the world’s largest virtual fair for textiles with around 5,000 sellers and 30,000 buyers across the globe. Textiles secretary Ravi Capoor on Wednesday said the government is planning a Textile India Fair and looking for an Indian platform for the same.
“India is planning a Textile India Fair. We are organizing the largest virtual fair in the globe with 4,000-5,000 sellers and 25,000-30,000 buyers across the globe,” Capoor said at GLOBIZ- Global Textile & Home Furnishing Expo event organised by Ficci, adding that the government is looking for an Indian platform for the fair.
He said while India has competition in apparel, home furnishings and textiles sector has the potential to double exports in two years and asked industry to plan a huge outreach programme to expand the country’s exports to new markets such as Japan, CIS and Latin America.
“80% of our exports go to 5-6 markets and we are focused on a few markets which is good but we need to expand to newer markets… We can move to new areas when the chips are down for major suppliers,” he said.
In the April-August period, India’s exports of cotton yarn, fabrics, made-ups, handloom products, man-made yarn, fabrics and made-ups, readymade garments, jute products, handicrafts and carpets were $8.7 billion.