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AEPC TO PARTICIPATE IN INDIA TEX TREND FAIR WITH THE HIGHEST NUMBER OF RMG EXPORTERS
Apparel Export Promotion Council
AEPC to focus on capitalizing the CEPA advantage to thrust garment exports: Chairman AEPC
21st July 2024, New Delhi/ Gurugram: AEPC will be participating in the India Tex Trend Fair (ITTF) Tokyo, Japan to be held between 23rd to 25th July 2024, with more than 200 exhibitors. ITTF will see participation of prominent Japanese buyers and some of the iconic Japanese brands including Sumitomo Corporation, MUJI, Toyoshima, Marubeni, Mitsubishi, Koyo trading, United Arrows, MYK Fashion, etc. who all will be there to source their requirements. Indian exhibitors from across the country will be displaying a diverse range of Indian RMG across various categories including summer and winter collection.
Speaking on the large participation, Chairman AEPC Shri Sudhir Sekhri said, “Japan is the 4th largest garment importer in the world. With Indian apparel having duty free access to Japan under Indo-Japan CEPA as against 9% duty for Turkey and 9.5% for China, it makes business sense for Indian RMG manufacturers and exporters to participate in ITTF and avail this unique opportunity.”
With total garment imports of Japan of 23USD billion, against India’s share being just 1.37%. A strong Indian garment industry with a complete value chain and unique offerings provides huge scope for Japanese trading companies to source from India. Further, stronger opportunities for trade diversion are emerging with continuous fall in Chinese share in this market. Indian suppliers have built-in flexibility and can cater to both small size customised orders as well as large orders, Chairman AEPC added.
AEPC delegation will be meeting representatives of top brands and retail chains on the side-lines. Few of the prominent brands include- Fast Retailing Co. Ltd, Toray International Inc, Shimamura Co. Ltd, World Co. Ltd, MN International, Adastria Co. Ltd, etc.
The top products imported by Japan from the World includes Jerseys, pullovers, cardigans, waistcoats and similar articles, of man-made fibres, knitted; Jerseys, pullovers, cardigans, waistcoats and similar articles, of cotton, knitted or crocheted; T-shirts, singlets and other vests of cotton, knitted or crocheted.
The top products imported by Japan from India include Women’s or girls’ blouses, shirts and shirt-blouses of cotton; Women’s or girls’ dresses of cotton; Jerseys, pullovers, cardigans, waistcoats and similar articles of cotton, knitted or crocheted.
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