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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