India has launched its Textile Policy for 2024, focusing on strengthening the textile sector with a range of financial incentives. The policy highlights two main areas: technical textiles, including clothing and apparel, and various manufacturing processes like weaving and dyeing. The policy provides various financial support mechanisms for businesses, including capital subsidies ranging from 10 per cent to 35 per cent of eligible fixed capital investments, capped at Rs 100 crores based on taluka and activity. It offers credit-linked interest subsidies of 5 per cent to 7 per cent for 5 to 8 years, with an annual cap of 2 per cent to 3 per cent. Companies can receive Rs 1 per unit of electricity for 5 years, applicable to DISCOMs or renewable energy sources. Wage assistance will be available for employees, ranging from Rs 3,000 to Rs 5,000 per month for women and Rs 2,000 to Rs 4,000 for men, depending on their roles. Additionally, self-help group (SHG) members will receive Rs 5,000 per month for training for 3 months and payroll support of up to 25 per cent of job work turnover for 5 years. The policy also includes measures for quality certification, energy and water conservation savings, and technology acquisition support. The Textile Policy 2024 places a strong emphasis on labour-intensive units, defined as new industrial units that employ at least 4,000 registered individuals under the Employee Provident Fund (EPF) scheme, including a minimum of 1,000 women. These units can receive capital subsidies of 25 per cent to 35 per cent, capped at Rs 150 crores, and are eligible for credit-linked interest subsidies of 7 per cent to 8 v for up to 8 years, with an annual cap of 3 per cent. Additionally, they will benefit from electricity tariff subsidies with a maximum annual limit of Rs 15 crores for group captive renewable energy sources. Wage assistance for female employees will range from Rs 3,000 to Rs 5,000, while male employees will receive support of Rs 2,000 to Rs 4,000 per month for a decade. Self-help groups (SHGs) will also receive similar financial support. Overall, the policy aims to strengthen India's textile industry, promote employment--especially among women--and enhance competitiveness through various financial aids and technological support.
Source: Business Standard
The Government of Gujarat today announced its new textile policy, in which 10 to 35 percent capital subsidy is provisioned. In contrast to the previous policy, which offered a 5% to 6% interest subsidy, the new policy has provisions for a 5 to 7% subsidy. Additionally, a power subsidy of Re. 1 per unit has been introduced. The new policy was launched by Chief Minister of Gujarat, Bhupendra Patel, during the Udyog Saahasikta Divas celebration, underscoring the state’s commitment to making the textile industry more competitive, sustainable, and employment-generating. The policy focuses on key sectors such as garments, technical textiles, weaving, knitting, and MMF production, with a special emphasis on expanding technical textiles, which are essential for industries like automotive, healthcare, and infrastructure. It offers several fiscal incentives to encourage investment and expansion in the textile sector. These include a Capital Subsidy ranging from 10% to 35% of eligible fixed capital investment (eFCI), capped at ₹150 crore depending on location, activity and employment. Additionally, an Interest Subsidy of 5% to 7% of eFCI is available for up to 8 years. Other incentives include a Power Tariff Subsidy of ₹1/unit for five years, Payroll Assistance of ₹2,000 to ₹5,000 per month per worker (with additional support for female workers), and dedicated Support for Self-Help Groups (SHGs) in the form of payroll and training assistance. The policy emphasizes employment generation, providing targeted support to labour-intensive units that employ over 4,000 workers, including at least 1,000 female employees. Such units will receive enhanced subsidies.
Source: Desh Gujarat
The man-made fibre (MMF) sector in South Gujarat is set to receive a significant boost with the announcement of the textile policy on Tuesday. "It was a long-pending demand, and the govt offered a Diwali gift to the industry. Textile units in category three related garmenting and technical textiles will be eligible for capital subsidies up to Rs 50 crore. For weaving, knitting and processing units in these areas, subsidies up to Rs 40 crore will be available. "Similarly, units in category one for weaving, knitting, processing, and spinning will receive capital subsidies of up to Rs 50 crore, with garmenting and technical textiles potentially receiving up to Rs 100 crore," said Vijay Mevawala, president of the Southern Gujarat Chamber of Commerce and Industry (SGCCI). "The PM Mitra Park has been recognised as equivalent to category one, providing substantial benefits to textile units located there. For the first time, spinning units producing yarn from fibre have also been included in the new Textile Policy 2024," said Mevawala. The announcement of the capital subsidy is celebrated by industries. "For the first time, a capital subsidy has been announced, and the electricity subsidy will benefit the entire sector. It will bring in new investment and create employment," said Ashok Jirawala, president of the Federation of Gujarat Weaver Welfare Association (FOGWWA). Claiming the interest subsidy as a major benefit, Ashish Gujarati, president of the Pandesara Weavers Co-operative Society, said, "Along with the capital subsidy, the interest subsidy will provide huge benefits. This will sustain the growth of the industry in the region." Calling it a game-changer policy, Mayur Golwala, secretary of Sachin Industrial Society, said, "Some of the announcements have been made for the first time in the history of the state. This will stop the migration of textile units to neighbouring states, but the policy needs to be implemented effectively."
Source: Times of India
Finance minister Nirmala Sitharaman on Monday said the government is simultaneously “pushing all levers” to sustain the current high growth rate, and the country’s economic prospects for this fiscal have been recognised by multilateral bodies like the International. Monetary Fund (IMF) and the World Bank. India, the minister said, can be a leader in Industrial Revolution 4.0, which is guided by artificial intelligence (AI), machine learning and Big Data & Analytics, thanks to its large young population. Sitharaman was speaking at an event at St Teresa’s College in Ernakulam, Kerala, her office said in a post on X (formerly Twitter). Both the IMF and the World Bank have predicted that India will remain the world’s fastestgrowing major economy in the current fiscal and the next. The International Monetary Fund has forecast India’s growth rates for 2024-25 and 2025- 26 at 7% and 6.5%, respectively, more than double the global averages. The World Bank last week raised its growth forecast for the country to 7% for the current fiscal, up from its April estimate of 6.6%. The country grew at a faster-than-expected pace of 8.2% last fiscal. As for Industrial Revolution 4.0, Sitharaman said: “It's largely led by the young minds (that are) spending a lot of time in research & innovation. That's why India can be a leader in it because our youth is very talented and is using innovations to create out-of-the-box solutions.” “Our aspirations are high and we want to achieve what the other countries could not achieve,” she added Sitharaman said the PM Internship Scheme is aimed at bridging the employability gap in students, especially from the economically weaker sections of society. “In a prospective employee, the companies are looking for something more than just a suitable degree or qualification so that they don't have to spend months to train them on the job,” she said. Under this scheme, 39 companies from the top 500 in India have given 1,800 internship offers in Kerala. Financial education, the minister said, needs to be imparted from childhood and “we should not wait for them to become adults to understand how to handle their money”
Source: Economic Times
The group of ministers (GoM) tasked with simplifying the goods and services tax (GST) structure will meet on October 20 to deliberate on rate rationalisation proposals related to food, footwear and textile items,. The items under review are in the 12 percent tax bracket. Led by Bihar deputy chief minister Samrat Chaudhary, the GoM on GST rate rationalisation has been tasked with simplifying the tax structure, now in its eighth year since the introduction of the indirect tax regime. Rationalisation is expected to ease the compliance burden and also boost collections, experts say. “The GST GoM on rate rationalisation will submit some rate suggestions in a report for the next GST Council meeting likely to be held in November,” the source said. Rate rationalisation proposals on about a hundred items are likely to be discussed by the GST GoM. “The GoM will initially look at food items, footwear and textiles, which concern the common man and impact daily life,” the source said. Uttar Pradesh finance minister Suresh Kumar Khanna, his West Bengal and Kerala counterparts Chandrima Bhattacharya and KN Balagopal, Rajasthan health minister Gajendra Singh and Karnataka revenue minister Krishna Byre Gowda are the other members of the GoM. Reconstituted on November 1, 2023, the GoM is likely to submit its recommendations later this month, which will allow the GST Council to take them up in the November meeting. The 33-member council is chaired by the Union finance minister, with each state nominating its finance minister or any other minister to the body. The council takes its decision by a three-fourths majority. As reported by Moneycontrol, the GoM is likely to look at the gradual elimination of the 12 percent slab by moving all the items to consolidate the system into a three-tiered structure of 5 percent, 18 percent, and 28 percent rates. “While moving items out of the 12 percent slab is the way forward, it will take time, as states will carefully examine the revenue implications before agreeing,” the source said.
Source: Money Control
Ahmedabad: The industry believes the new policy will help the state become an integrated textile hub, covering the entire spectrum from raw materials to finished garments. Rahul Shah, co-chairman of the Gujarat Chamber of Commerce and Industry (GCCI) textile taskforce, said, "Capital subsidy is a welcome move. Other states started offering capital subsidies to the textile industry, and due to that, Gujarat was not competitive in getting new investments. But now, that will change. It will serve as a booster for Gujarat to set up a garment ecosystem and become a fibre-to-fashion hub." Chintan Thaker, chairman of Assocham Gujarat State Council, said, "Capital subsidy has been included for the first time. It will offer much-needed handholding to a new unit during its critical five-year gestation period." He believes this will attract fresh investments and support MSMEs looking to expand. The PM Mitra Park, Thaker says, will further draw global giants and create thousands of jobs, with special incentives for companies with over 4,000 workers. A senior official in the industries department said, "The policy aims to make Gujarat the hub of the entire textile value chain. Expansion, modernisation and diversification will get a boost." Gaurang Bhagat, secretary of the GCCI, said, "Standalone cotton spinning units will not benefit out of the policy as the state already has a huge capacity in the sector, but polyester and viscose are included in the new policy. However, cotton spinning activity in the integrated projects will be benefited." Who can opt for the old policy? The state govt announced the new textile policy more than 10 months after the old policy lapsed. In these 10 months, several units started production. "Units that commenced production in the Jan 1 to Sep 30 period can opt for old textile policy as it will help them," a senior official said It is the first time that the state govt announced a capital subsidy of up to 35% to attract new investments in the sector. Bharat Chhajer, ex-chairman of the Powerloom Development and Export Promotion Council (PDEXCIL), said, "In 2019, there was no capital subsidy, but there was a power subsidy of Rs 2-3 per unit, which is now Re 1. The capital subsidy is more attractive now. "There was an interest subsidy of 6% with a cap of Rs 20 crore per year in the 2019 policy. Payroll assistance has been included in the new policy for garments and technical textiles. Overall, the new policy is more growth-oriented, with focus on investments and job creation."
Source: Times of India
The escalation of diplomatic row between New Delhi and Ottawa is unlikely to have any major impact on trade and investment relations between the two countries at least for the time being, a senior official said Tuesday. The tensions between India and Canada first came out in open in September last year, but two-way trade and investment flows continued without disruptions. Merchandise trade between the two countries in fact grew 1.46% to $8.4 billion in 2023-24, while overall world trade was in the doldrums. The pace of growth in India-Canada trade was, however, over 20% in FY22 and FY23. India’s imports from Canada increased to $4.6 billion, while exports saw a marginal dip, falling to $3.8 billion in FY24. During April-July this fiscal, India’s exports to the North American country stood at 1.3 billion, while imports were $1.37 billion. “Nothing worrying so far.. bilateral trade with Canada isn’t that big to significantly impact India’s overall trade basket,” the official added. Concurring with this view, partner at Indus Law Shashi Mathews said: “Trade and commercial relations between the two nations are unlikely to be impacted in the near future, as the current standoff appears to be more of a political situation.” “Despite significant political friction, the on-ground impact on trade between the two countries has been minimal. This is largely because trade happens at the private-sector level, and neither India nor Canada has introduced regulations that restrict the flow of goods or services,” co-founder of Global Trade Research Initiative Ajay Srivastava said. “In the absence of a Free Trade Agreement (FTA) as on date, neither countries offer any preferential tariffs as on date. Owing to WTO commitments, any adverse tariff measures by either country is highly unlikely,” Mathews said. India’s exports to Canada include pharmaceuticals, gems and jewellery, textiles, and machinery, while Canada’s exports to India include pulses, timber, pulp and paper, and mining products. If there is disruption in that trade then India has other options to source these products, the official said. The annual Foreign Direct Investment (FDI) from Canada remained in the vicinity of $500 million in 2023-24 as seen since 2018-19. Between April 2000 and March 2024 total FDI from Canada stands at a mere $3.8 billion. Indian investments in Canada also grew in 2023-24 to $2.1 billion from $2.0 billion in 202-23. Most of the investments from Canada come as portfolio investments and in the calendar year 2023 they had grown Rs 31,221 crore to Rs 1.93 lakh crore. For Canadian pension funds India replaced China as the second largest recipient of inflows between 2019 and 2023 in Asia-Pacific. India got 25% of all investments made by these funds in Asia-Pacific, according to a report by Asia-Pacific Foundation of Canada. The top three sectors in India to receive investment flows from Canadian pension funds between 2013-2023 were real estate (comprising 57% of Canadian pension funds investment in India with over C$3.8B or US $2.7 billion received), financial services (C$3B or US $2.1 billion invested), and industrial transportation (roughly C$2.6B or US $1.8 billion invested). Canadian pension funds are also big investors in infrastructure snapping up functional road assets. Last financial year, despite the diplomatic tensions, Ontario Teachers’ Pension Plan and Canada Pension Plan Investment Board maintained their holding in National Highways Infra Trust (NHIT) at 50% by investing $438 million in acquisition of 10 highway projects of National Highways Authority of India It is expected that when NHAI does the fourth round of InVIT issues this financial year to raise around Rs 16,000 crore, the funds will continue to invest and keep their combined stake at 50%. The official said countries across the world are seeking opportunities to invest in India and according to some estimates $3 trillion worth capital is seeking opportunities worldwide. If India can offer projects to invest some of these funds can come to India. The first signs of trouble in India-Canada ties emerged when both countries paused negotiations on a Comprehensive Economic Partnership Agreement (CEPA). Later Canada’s Prime Minister Justin Trudeau accused India of organising the murder of a Sikh separatist. After months of stand-off on Monday the tensions took a drastic turn when India decided to recall its High Commissioners and other senior diplomatic staff from Canada. India also announced the expulsion of six Canadian diplomats. “However, the discussions around Free Trade Agreements, which are on hold since September 2023, cannot resume until the political situation normalises,” Mathews said.. As this dispute drags on, both nations will need to carefully manage their actions to avoid a full-blown economic fallout, Srivastava added.
Source: Financial Express
India and the United Arab Emirates (UAE) are on track to achieve a significant milestone of $100 million in non-oil trade by 2030, according to a statement from the commerce & industry ministry on Tuesday. This announcement follows the second meeting of the Joint Committee (JC) under the Comprehensive Economic Partnership Agreement (Cepa), held in the UAE. The Indian delegation was led by Ajay Bhadoo, additional secretary in the commerce department, alongside Juma Al Kait, assistant undersecretary for International Trade Affairs from the UAE economy ministry, who co-chaired the meeting. "Both sides noted substantial growth in bilateral trade during the first two years of implementation of Cepa and expressed optimism in attaining the target of $100 million non-oil trade well before 2030," the statement said. "The two sides also held wide-ranging discussions on all aspects of the bilateral partnership, including measures to strengthen and enhance two-way trade," it added.
Tariff Rate Quotas
A key focal point of the meeting was the implementation of Tariff Rate Quotas (TRQ) on designated products, with both parties agreeing to collaborate closely to ensure UAE exporters can effectively access these benefits. Additionally, India reiterated its request to classify the Indian Jewellery Exposition Center in Dubai as a designated zone, enabling Indian jewellery manufacturers to benefit from concessional duties. "On issues related to the trade in services matter, the two sides exchanged focal points and agreed to hold the First Sub-Committee Meeting at the earliest," the statement said. "The Indian side highlighted the need for professional bodies from both sides to enter into Mutual Recognition Agreements that would enable professionals like chartered accountants, lawyers, nurses, etc. to provide their services without the need for another certification. Both sides agreed to work on an actionable plan in this regard," it added. India also raised concerns about a recent surge in imports of silver products, platinum alloys, and dry dates from the UAE, urging verification of compliance with rules of origin norms to prevent circumvention. The bilateral trade between India and the UAE has experienced remarkable growth, increasing to $83.6 billion in 2023-2024 from $59.5 billion in 2013-2014. At present, crude oil and petroleum products account for more than a third of imports from the UAE. The Comprehensive Economic Partnership Agreement, signed in 2022, has played a crucial role in this growth by reducing trade barriers and encouraging investment.
Source: Economic Times
Union Minister for Commerce and Industry Piyush Goyal recently stated that two way trade between Europe and India can grow exponentially if both sides understand each other's concern and cooperate meaningfully. He was speaking at the launch of the Federation of European Business in India (FEBI) in New Delhi. Speaking of the India-European Union (EU) partnership, Goyal added that respect for democracy and rule of law and similarity of views on fair trade will help our trade to grow exponentially. Goyal remarked that the world today cannot work on the principle of retaliation but has to find solutions through mutual cooperation. Goyal added that EU's policies and actions like rules related to deforestation, Carbon Border Adjustment Mechanism (CBAM), nonadherence to Common But Differentiated Responsibilities (CBDR), etc. have impacted the Indian industry. The Minister stressed on the importance of fair, equitable and balanced trade practices. Speaking about the Free Trade Agreement (FTA) negotiations with the European Union, the Minister said that the focus should be on business and trade issues and not on extraneous items falling outside the remit of FTA. Goyal highlighted that European companies are attracted to India not just for its market but also the vibrant democracy, rule of law, demographic dividend and decisive leadership that India provides which assures stability and growth.
Source: Business Standard
MADRID - Ten of Spain’s largest fashion retailers including Zara, Mango, H&M, Decathlon and Primark, have signed up to a voluntary pilot scheme to collect, manage and sort textile and clothing waste. The pilot project, known as Re-Viste, will operate for minimum of one year across six different municipalities and will see the installation of specific collection containers on public roads and in municipal recycling centres. Collection points will also be set up in private spaces such as shopping centres, shops and schools.
Source: Eco Textiles
As Pakistan hosts the Shanghai Cooperation Organization (SCO) summit, it presents a significant opportunity to strengthen our economic ties with member countries and explore new avenues for growth. As Chairman of the Pakistan Textile Exporters Association, I see immense potential for the country’s textile industry to expand its reach within the SCO markets. The textile sector has long been the cornerstone of Pakistan’s economy, playing a crucial role in driving exports. With the SCO’s diverse membership, which includes key players such as China, Russia, and several Central Asian states, this alliance offers an exciting and largely untapped frontier for Pakistan’s textile exports.
With over 3 billion people residing in the SCO member countries, the potential for expanding our market share is immense. The rising disposable incomes and increasing consumer demand for quality products in these nations make them ideal markets for Pakistan’s high-quality textile products. Furthermore, our strategic location, especially with the development of the CPEC, provides an unmatched logistical advantage, enabling easier access to Central Asia and beyond. This connectivity has the potential to reduce transportation costs and delivery times.
Howeve significant challenges need to be addressed for Pakistan to fully capitalise on the SCO market. Historically, our textile exporters have focused on established markets like Europe and the United States, which has left the SCO countries relatively unexplored. This lack of familiarity with the market dynamics, consumer preferences, and trade regulations in Central Asian countries and Russia poses a barrier to entry. Overcoming this will require a focused strategy, including market research, promotional efforts, and participation in SCO-related trade fairs and exhibitions to build strong trade linkages.
Additionally, infrastructure and logistical inefficiencies in Pakistan pose a major challenge. The current state of our transportation networks, customs procedures, and port facilities often leads to delays and increased costs, which can reduce the overall competitiveness of our exports. Addressing these issues will require coordinated efforts between the government and private sector.
Despite these challenges, the SCO summit is a pivotal moment for Pakistan to strengthen its economic relations with member states. By investing in infrastructure improvements, fostering deeper trade relationships, Pakistan can leverage the vast potential of the SCO markets to boost its exports and drive long-term economic growth.
One of the greatest advantages Pakistan has is its strategic location. CPEC offers a trade route that can directly connect Pakistan to Central Asia and China, significantly reducing transportation costs and time. Pakistan, known for its high-quality cotton and textile products. Collaboration with Chinese firms could also prove beneficial, as China is both a massive consumer and producer of textiles.
However, despite these opportunities, there are significant challenges. One major obstacle is the lack of knowledge and trade linkages with several SCO countries, particularly in Central Asia. Pakistani exporters have traditionally focused on Western markets, leaving countries like Kazakhstan, Uzbekistan, and Russia relatively unexplored. This lack of exposure means that our exporters are unfamiliar with local consumer preferences, trade regulations, and market dynamics.
Moreover, the current state of infrastructure and logistics in Pakistan limits the potential of our textile industry in taking full advantage of these new markets. Inefficiencies in transportation networks, customs procedures, and port facilities create delays and increase the cost of doing business, which in turn reduces the competitiveness of Pakistani products. Additionally, tariff and non-tariff barriers imposed by several SCO countries further complicate the situation. For example, Russia has high tariffs on textile imports, and differing regulatory standards across these nations add layers of complexity for exporters. These issues need to be tackled through diplomatic negotiations within the SCO framework to facilitate smoother trade and minimize barriers.
Furthermore, competition from other textile-exporting nations remains intense. Countries like China, India, and Bangladesh have already established strong trade ties with several SCO members, benefiting from economies of scale and advanced production technologies. For Pakistan to compete, our textile industry must focus on enhancing productivity, improving the quality of its products, and adopting innovative practices. By addressing these challenges strategically, Pakistan can position itself to increase textile exports to SCO countries and strengthen its economy in the long run.
Source: PK News
KnitWarm is presenting its cutting-edge smart textiles at the ongoing Fashion World Tokyo 2024, under Hong Kong pavilion (booth A21-47 & A22-47). KnitWarm integrates advanced heat-conductive technology with sustainable materials like silver-coated yarn and recycled fibres, offering customisable, targeted warmth directly to the body. By reducing the need for traditional heating methods and disposable heat packs, KnitWarm’s products significantly lower energy consumption and environmental waste, providing a practical solution for personal comfort with sustainability at its core.
KnitWarm has recently teamed up with designer Lincoln Szeto, who draws inspiration from the colour ‘Benihi’ (Scarlet), symbolising vitality and warmth. Traditionally used in Japanese silk dyeing, ‘Benihi’ blends natural dyes like safflower and turmeric with scientific methods to achieve its distinct hue. This vibrant colour not only carries historical significance but also has physiological effects, stimulating the autonomic nervous system to enhance organ function, the company said in a press release. The collection merges Szeto’s unique design aesthetic with KnitWarm’s technology, offering comfort and warmth in a style that reflects the designer’s relaxed yet sophisticated vision. His approach blends creativity, functionality, and technology, delivering garments that exude understated elegance while boosting the wearer’s confidence. KnitWarm is also showcasing other groundbreaking projects at the fair, offering attendees a chance to experience its innovative solutions for sustainable and stylish applications.
Source: Technical Textiles
The Taipei Innovative Textile Application Show, a sourcing hub for innovative textiles, began at the Taipei Nangang Exhibition Center yesterday with ecofriendly and functional fabrics on display. Vice President Hsiao Bi-khim spoke at the opening ceremony before spending an hour visiting booths set up by domestic exhibitors. Hsiao said she was pleased to be a spokeswoman for Taiwan’s textiles, given that the industry was the main driving force of Taiwan’s “economic miracle” over the past few decades. The Taipei Innovative Textile Application Show, a sourcing hub for innovative textiles, began at the Taipei Nangang Exhibition Center yesterday with ecofriendly and functional fabrics on display. Vice President Hsiao Bi-khim spoke at the opening ceremony before spending an hour visiting booths set up by domestic exhibitors. Hsiao said she was pleased to be a spokeswoman for Taiwan’s textiles, given that the industry was the main driving force of Taiwan’s “economic miracle” over the past few decades. “The chip industry is very important, but we can’t only focus on chips,” she said, adding that old-economy sectors also need the support of government policies and incentives to help tackle issues such as labor shortages and green energy availability.
The vice president described herself as a big fan of Taiwan’s textile and fiber products. “Many of my suits are made of MIT [Made in Taiwan] functional fabrics,” she said, among them the suit she wore at the inauguration ceremony for her and President William Lai on May 20 and the outfit she was wearing yesterday. Hsiao’s dress at the inauguration event and the suit she wore at the trade show were made using Eclat Textile Co functional fabrics, industry sources said. Among the exhibitors at the three-day show are firms that make low-carbon fabrics, with suppliers including Far Eastern New Century Corp, Formosa Plastics Group , Lealea Group , Nan Pao Resins Chemical Co and New Fibers Textile Corp showcasing green fiber and textile products. Nan Pao Resins Chemical chief executive officer Elic Hsu said the focus of the company’s display this year is a special fabric that is sweat-resistant, has a soft feel and is composed of up to 53 percent biomaterial content.
It should enter mass-production next year, Hsu said. At the opening ceremony, Lealea Group chairman James Kuo who is chairman of the Taiwan Textile Federation, the event’s organizer, said that the trade show was one of the most important annual events of the domestic textile industry. This year, 385 manufacturers are participating, included a record 75 overseas exhibitors, signaling that the event has earned the recognition of international peers, Kuo added. More than 70 international brands have been invited to participate in private meetings with local manufacturers, and visiting delegations from South Korea, Vietnam, India, France and other countries have also been invited to the show, Kuo said.
Source: Taipai
