Friday, 22 February 2013

Lagos to host maiden India textile exhibition in Nigeria


Not less than 22 Indian companies would be participating at the Indian Textile Exhibition (INTEXPO) to be held at the Office of the Indian High Commission located at 8A Walter Carrington Crescent, Victoria Island, Lagos between 1pm and 5pm on February 26 & 27.

Aimed at forging a win-win partnership among the Indian and Nigerian companies for effective forward and backward linkages, INTEXPO is organised for the first time in Nigeria by the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) of India in association with the High Commission of India in Nigeria.

The exhibition is expected to draw a large number of trade visitors for productive business discussion with the participating Indian exhibitors showcasing, for the first time in Nigeria, their complete range of products.

Textile products ranging from fabrics, yarn & fibre to suiting, shirting, dress-materials, embroidered fabrics & high fashion fabrics, furnishings, home textiles, scarves, stoles, shawls and yarns of man- made fibres and their blends would be on display.

The objective of the exhibition, according to the Office of the Indian High Commission in Nigeria, is to strengthen trade between the two countries, particularly in the fast growing area of man made textiles.

Indian textiles and clothing industry output is around $ 80 billion of which around $35 billion is exported. India is world’s second largest producer of each of cotton, silk, cellulosic fibre and cotton yarn and also ranks as world’s third largest producer of synthetic fibre and synthetic yarn.

India exported over 138 million dollars worth of textile products to Nigeria during last Indian financial year ending on March 31 2012. Of these over $ 80 million were man made products.

Nigeria imported US$ 1.8 billion worth of textiles & clothing products during 2010-11. Out of this, its import of textiles was to the tune of US$1.4 billion. The share of import of man-made fibre textiles by Nigeria in its overall import of textiles was nearly 52%.

India offers the entire range of polyester, rayon, acrylic and blended textile items including fibre, yarn, fabrics, made-ups and home-textiles to discerning international buyers. The Indian textile products are renowned quality, competitive prices and on time delivery. Additionally, India is able to supply both high and low-end textile items either in small or large quantities.

 

 

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