Excellent opportunities for apparel & textile industry in UAE: FIEO

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SME Times News Bureau | 03 Nov, 2017
A 112-Member Business Delegation comprising of 51 leading manufacturer exporters from Textile and Apparel Industry from India is in Dubai for exhibiting their products in the "Indian Pavilion" at International Apparel & Textile Fair held from 1st to 3rd November 2017 at Dubai World Trade Centre.

The Delegation comprise of leading Indian clothing and textile experts, who are into various product profiles including men’s wear, kids wear, high fashion women’s wear, technical textiles etc. and represent the best of what India is offering to the world in the Textile Industry.

The Indian Pavilion was inaugurated by Vipul, Consul General of India, Dubai on November 1, 2017 at Dubai World Trade Centre.

Inaugurating the Indian Pavilion, Vipul said that Indian companies and businesses have benefited from leveraging Dubai’s position as supply market to the Gulf and other region.

While referring to Indian Textiles sector, he said that India is positioning herself as high fashion and quality garments exporter in the region and there is huge potential to promote "Brand India" in UAE and other markets in the region.

While highlighting the growth in trade and investment between India and UAE, the Consul General of India said that India is UAE’s largest trading partner and its export to UAE during the year 2016 touched US$ 32 billion. And while referring to the opportunities for Indian Textile industry he said that UAE provides excellent opportunities for Indian companies to utilize Dubai’s location as a platform for increasing exports to other countries.

Dr A Sakthivel, Regional Chairman, FIEO Southern Region and leader of the Delegation said that India and UAE need to work together in the textiles segment to promote high quality and fashion clothing industry which can be promoted not only in the West Asia and West African Region but also to other developed countries including EU and US from Dubai.

While referring to the services rendered by FIEO, Dr Sakthivel said that FIEO not only helping Indian exporters to find markets across the globe but also helps overseas businessmen to do matchmaking and enter Indian market. India’s exports to UAE during the year 2015-16 was to the tune of USD 3.96 billion, which was 22.7% of India’s garment exports of USD 17.35 billion to the world.

Indian Textile Industry is one of the largest textile industries in the world. Today, Indian economy is largely dependent on textile manufacturing and exports. India earns around 27% of the foreign exchange from exports of textiles.

Further, Indian Textile Industry contributes about 14% of the total industrial production of India. Furthermore, its contribution to the gross domestic product of India is around 3% and the numbers are steadily increasing. Indian Textile Industry involves around 35 million workers directly and it accounts for 21% of the total employment generated in the economy.

The Exhibition showcases the strength of Textiles Sector of India having huge textile production capacity, Efficient multi-fiber raw material manufacturing capacity, Large pool of skilled and cheap work force, Entrepreneurial skills, Huge export potential, Large domestic market, Flexible textile manufacturing systems, High Skilled Labour, High technology and fashion manufacturing and designs and Highly competitive pricing.