New Delhi: The government on Tuesday approved 12 research projects worth Rs 13.3 crore under the National Technical Textiles Mission. The 10th Mission Steering Group, under the chairmanship of Union Textiles Minister Giriraj Singh, the ministry approved 12 research projects.
The research projects were approved across key strategic areas of geotextiles, sustainable and smart textiles and composites, etc. According to the ministry, the projects were proposed by eminent research bodies and institutions including IITs, NITs and CRRI, etc.
The total number of approved research projects under the Mission now stands at 168 with a total value of nearly Rs 509 crore. At the meeting, the minister urged the industry to actively participate in research projects. The National Technical Textiles Mission is a flagship scheme of the Ministry of Textiles focused on developing the research and development capabilities of the local industry, especially in the areas of high-performance fibre development. The domestic textiles industry is estimated to grow to $350 billion by 2030, generating 4.5-6 crore jobs.
Setting a target of 50,000 metric tonne silk production and employment generation of 1 crore by 2030, Minister Singh recently said cultivation of silk is linked to employment generation of farmers.
There is huge potential for technical textile in the country as it is used in all sectors and set an export target of $10 billion by 2030. The global trade of technical textiles is around $300 billion while India’s domestic market size stands at $25 billion with an export of $2.6 billion.
The ministry has approved 11 startup proposals under the component for Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) initiative under National Technical Textiles Mission. Support up to Rs 50 lakh per startup is provided under the scheme.
Source: Zee News India
India is showcasing her finest weaves at the International Apparel and Textile Fair (IATF) at Festival Arena, Dubai, presenting a wide array of high-quality fabrics and presenting its unmatched textile expertise. With a strong delegation of manufacturers, designers, and artisans, the country highlighted its rich heritage and modern capabilities in textile production. From traditional handloom creations to innovative, sustainable fabrics, India’s display emphasized its leadership in the global textile industry. India’s leading textile export promotion councils, the Handloom Export Promotion Council (HEPC) and the Wool & Woollens Export Promotion Council (WWEPC), are leading a delegation of over fifty Indian textile exporters to the 18th edition of the International Apparel & Textile Fair (IATF) in Dubai. This year, Dubai marks the 10th anniversary of the IATF, which has proven to be UAE’s premier B2B fashion platform. The HEPC promotes India’s rich handloom heritage and diverse handcrafted textile products through international trade events, while the WWEPC bolsters the country’s wool and woollen exports by expanding market reach and ensuring compliance with global standards. Both councils play a vital role in enhancing India’s textile exports. India’s textile industry holds immense economic significance, contributing 2% to the country’s GDP and making it the third-largest textile exporter globally. The sector is a major employer, with over 45 million people in the workforce, largely powered by women. India’s textile and apparel market is valued at $176 billion, with $139 billion in the domestic market and $37 billion in exports. Looking ahead, India’s textile and apparel market is projected to reach $350 billion by 2030. The country is the second-largest producer of cotton, polyester, viscose, and silk, with India holding a 4.5% share in the global textile and apparel trade.
At the IATF, over 450 international participants will showcase a diverse blend of apparel, fabrics, prints, home textiles, accessories, footwear, and more, including the latest Autumn-Winter 2025 and Spring-Summer 2025 collections. The fair serves as a hub for trendsetting and sourcing excellence, shaping the style landscape of the Gulf region. The biannual three-day fair will conclude on Nov 14th.
Source: DD News
India eyes increased exports and cryptocurrency growth amid potential Trump presidency
India is standing at the edge of something big. With its youthful population and rapidly digitalizing economy, the country is poised for unprecedented growth. Amidst this backdrop, the prospect of Donald Trump's return to the presidency could play a significant role, especially when it pertains to international trade and commerce, particularly with the textile sector.
Recent reports from the Confederation of Indian Textile Industry (CITI) suggest optimism surrounding India's textile exports to the United States. With Trump potentially back on the political stage, industry leaders see this as beneficial. Notably, 27% of India’s textile and apparel exports were directed to the US. During the fiscal year so far, India’s exports to the US have risen by about 6%, contrasting sharply with competitors like China and Vietnam, which saw slower growth. Rakesh Mehra, Chairman of CITI, points to a growing preference among US buyers for Indian textiles, highlighting the market's shifting dynamics. "The incoming administration under Trump, much like his previous tenure, aims to diversify trade dependencies away from China, which aligns perfectly with India’s ambitions. It's clear the textile sector could thrive as US retailers look for alternatives,” Mehra stated. Yet, not everything is straightforward. A noteworthy challenge hampering growth is the steep tariff rates — some as high as 32% for certain apparel categories. This remains a significant hurdle, but there’s hope for discussions to revise these rates under Trump’s leadership, facilitating smoother trade relations. On another front, Bitcoin is gaining traction, and experts are predicting it could soar to $100,000 by the end of January 2025. This forecast is also tied to Trump's expected pro-crypto stance, which could bring about clearer regulations for the cryptocurrency market. The recent rise of Bitcoin, approximately 30% leading up to the election, demonstrates its burgeoning appeal amid inflation fears. Investors view Bitcoin as a hedge against the diminishing purchasing power of cash, particularly as the economic policies shift under Trump's administration.
Nigel Green of deVere Group expressed confidence, stating, "We expect Bitcoin to break record highs under Trump. The current economic climate, coupled with his plans for cryptocurrency, could act as significant tailwinds for Bitcoin." This bullish sentiment resonates with various market analysts who foresee increased investor confidence with clearer regulatory frameworks for cryptocurrencies.
Such developments are generating buzz within India as well. With India's significant strides toward digital transformation, its cryptocurrency market is also eyeing potential growth. Companies like ZebPay and Binance are preparing for what they anticipate will be constructive regulations paving the way for crypto adoption and innovation. Vishal Sacheendran from Binance emphasized the importance of maintaining investor confidence: "It’s pivotal to conduct thorough research and not get swept away by market hype, especially during bullish trends. This could be transformative for Bitcoin and broader virtual asset markets."
While all this buzz is uplifting, the economic outlook for India remains firmly grounded. According to Mark Mobius, veteran investor and founder of Mobius Capital Partners, India is at the take-off stage of development. He firmly believes the investments and private consumption patterns foregrounded by policies such as 'Digital India' and 'Make in India' initiative are driving the country toward becoming one of the major economic players globally. Mobius also stresses the importance of infrastructural spending and reducing bureaucratic barriers to maintain this momentum. Underpinning all these optimistic projections is the forecast from the International Monetary Fund (IMF), which maintains GDP growth estimates at 7% for FY25 and 6.5% for FY26. Such prospects are bolstered by rural consumption rebound due to moderated inflation, particularly within food commodities. Mobius remains firmly optimistic, stating, "The consumer market is going to be extraordinarily pivotal moving forward, akin to what we’ve seen with the United States."
Indeed, India stands to gain not just from revitalized textile exports under Trump's potential presidency but also from the rise of digital currencies, buoyed by favorable regulations. Overall, the alignment of these trends suggests an exciting competitive edge for India on the global stage, as it charts its path toward economic prominence.
Source: Evrimagaci.org
Synopsis India's Finance Minister, Nirmala Sitharaman, hinted at the possibility of reducing import taxes, contingent upon the absence of harm to domestic industries. This comes in the wake of US President Donald Trump's criticism of India's high tariff rates. While acknowledging the need to protect Indian businesses, Sitharaman emphasized the government's willingness to adjust tariffs to foster international trade. India’s Finance Minister Nirmala Sitharaman has said the country could consider easing some import taxes, as long as these changes in duties do not harm domestic businesses. Her comments suggest a possible softening of India’s trade policies, following remarks by US president-elect Donald Trump, who called India the “biggest charger” of tariffs. “It is possible to explain every tariff we have levied,” Bloomberg cited Sitharaman saying during an event hosted by Republic Media Network in New Delhi on Tuesday. Sitharaman said she has “responsibility” to protect Indian companies. Sitharaman said the government can “lift tariffs” on imports, provided it does not hinder the nation’s manufacturing capability. “I have to balance the two,” she said. Her statement comes after Trump promised reciprocal actions against countries like India for imposing high import taxes on US goods. The US has become India’s top trade partner, with two-way trade reaching $119.7 billion in the last fiscal year—a rise of over one-third in five years. Meanwhile, the US trade deficit with India has been widening, reflecting India’s export strength even in the face of restrictive tariffs. India's growing presence in the US market highlights its competitive edge in certain sectors and positions the country well to benefit as global supply chains evolve and trade policies shift. Trump’s second term, according to a report by Elara Capital, offers a mixed but broadly positive outlook for India’s economy. While indirect effects on some Indian exports are possible, sectors like IT, pharmaceuticals, electronics manufacturing services (EMS), and defence are anticipated to gain from Trump’s expected economic and foreign policies. Elara Capital remains bullish on Indian equities, especially in resilient sectors such as IT, pharma, EMS, and defence. Trump’s tough stance on China could also play to India’s advantage, potentially redirecting US investments from China to India, which would support Indian markets and boost manufacturing. Supply chains have already started shifting towards India, and Trump’s re-election may accelerate this trend. During Trump’s 2017–2021 presidency, India-US relations made significant progress, bolstered by the close rapport between Trump and Prime Minister Narendra Modi. However, there were also tensions. In his first term, Trump branded India the “tariff king,” and in an August interview, he criticised India’s tax rates as being excessively high. In 2019, India imposed retaliatory tariffs on several US goods in response to Washington’s refusal to exempt India from increased tariffs on steel and aluminum imports. During his last term, Trump had also removed India’s preferential trade status amid tariff disputes.
Source: Economic Times
Synopsis Finance Minister Nirmala Sitharaman is set to meet with state counterparts on December 21-22 for pre-budget discussions and a GST Council meeting. Key agenda items include potential GST exemptions for certain insurance policies and rate reductions on various goods. The Council may also consider raising GST on luxury items like high-value shoes and watches. Union Finance Minister Nirmala Sitharaman is likely to meet her state counterparts on December 21-22 for pre-budget consultations and meeting of the GST Council, an official said. The meeting assumes significance as states finance ministers would present their recommendations for 2025-26 Budget to be unveiled on February 1, 2025. The 55th GST Council meeting would be held during one of these two days in which the much awaited decision on exemption or lower GST rate on health and life insurance would be taken. The Council may also take up some rationalisation exercise and reduce tax rates on a host of common items from 12 per cent to 5 per cent as per the recommendations of a panel of state ministers. The two-day meeting is slated to take place in Rajasthan, either in Jaisalmer or Jodhpur, the official added policies, and senior citizens' health insurance from GST. Also, GST on premiums paid by individuals, other than senior citizens, for health insurance with coverage of up to Rs 5 lakh is proposed to be exempted. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over Rs 5 lakh. The GST Council in its 54th meeting on September 9 had tasked the GoM to finalise the report on GST levy on insurance by October-end. Separately, the GoM on GST rate rationalisation has also suggested that the GST Council rejig tax rates on a host of goods, including packaged drinking water, bicycles, exercise notebooks, luxury wrist watches, and shoes. This rate rejig is expect to result in revenue gain of about Rs 22,000 crore. The GoM on rate rationalisation proposed reducing GST on packaged drinking water of 20 litre and above to 5 per cent from 18 per cent. If the GoM's recommendation is accepted by the GST Council, GST on bicycles costing less than Rs 10,000 will be reduced to 5 per cent from 12 per cent. Also, GST on exercise notebooks will be reduced to 5 per cent from 12 per cent. The GoM also proposed hiking GST on shoes above Rs 15,000/pair from 18 per cent to 28 per cent. It also proposed hiking GST on wrist watches costing above Rs 25,000 from 18 per cent to 28 per cent. Bihar Deputy Chief Minister Samrat Chaudhary is the convenor of the 13- member GoM on health and life insurance and 6-member GoM on rate rationalisation. Currently, GST is a four-tier tax structure with slabs at 5, 12, 18, and 28 per cent. Under GST, essential items are either exempted or taxed at the lowest slab, while luxury and demerit items attract the highest slab. Luxury and sin goods attract cess on top of the highest 28 per cent slab. The average GST rate has fallen below the revenue neutral rate of 15.3 per cent, prompting the need to start discussions on GST rate rationalisation.
Source: Economic Times
The Prime Minister's Office has approved a three-pronged strategy for the development of the maritime sector, the key element of which is to finance the development of ports with at least Rs 25,000 crore from the Maritime Development Fund (MDF). India’s so-called ‘major ports’, so named because they are run by the central government, are almost all badly in need of funds to handle the expansion of ocean-going traffic, which is expected to grow annually at a CAGR of close to 5 percent. It grew by 4.6 percent in the first half of FY25.
Source: Business Standard
India has implemented anti-dumping duties on Epichlorohydrin imports from China, Korea, and Thailand for the next five years. This decision, reached after an investigation by the Directorate General of Trade Remedies, aims to protect domestic industries from being undercut by cheaper imports and will level the playing field for them against foreign competitors. India has imposed an anti-dumping duty of up to USD 557 per tonne on a chemical used mainly in the adhesive industry from China, Korea, and Thailand for five years to guard domestic players from cheap imports from these nations. The duty was imposed as the chemical - Epichlorohydrin - was exported to India from these countries at below normal prices. "The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)," the department of revenue said in a notification. The levy is imposed following recommendations for the same by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of Geneva-based World Trade Organization (WTO). The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. India has already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China.
Source: Economic Times
Synopsis India's merchandise exports will grow to $107.5 billion in the third quarter of FY25. Non-oil exports will see a significant rise. The growth is driven by strong economic activity and improving demand from trading partners. Exim Bank predicts this growth to continue in the last quarter. However, global economic uncertainties and geopolitical factors pose risks to the outlook. Led by sustained momentum in economic activity and improving demand prospects in trading partners supported by expected global monetary easing, India’s merchandise exports are likely to grow 1.85% year-on-year to $107.5 billion in the third quarter of FY25, India Exim Bank said Tuesday. Non-oil exports are forecast to grow 7.39% on-year to $91.7 billion, while nonoil and non-gems and jewellery exports are forecast to amount $82.7 billion, with 7.8% growth. “Positive growth in India’s exports could be as a result of India’s continued strong economic activity backed by sustained momentum in manufacturing and services sector, improving demand prospects in trading partners, supported by expected global monetary easing,” the bank said. Moreover, the growth rate in total merchandise exports, non-oil exports, and non-oil & non-gems and jewellery exports, are likely to continue in last quarter of the financial year, according to the Exim bank. However, it cautioned that the outlook is subject to risks of the middle east and west Asia crisis, intensification of protectionist policies and global supply chain disruptions. “The outlook is, however, subject to risks of global uncertain prospects in select advanced and emerging economies, geoeconomic fragmentation…among other factors,” it said. For the first six months of 2024-25, India’s goods exports were up 1.02% on year at $213.22 billion.
Source: Economic Times
The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit. Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40. This downward pressure is largely driven by global factors, particularly the Dollar Index's strengthening. At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close.
On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar. "It appears that the rupee has established support around the current levels, with depreciation limited near 84.50," CR Forex Advisors MD Amit Pabari said. Pabari further added that the RBI stands tall as the depreciation in the rupee seems to be limited as the Reserve Bank of India (RBI) continues to sell the dollars to protect the sharp depreciation. "For the 5th consecutive week, India's forex reserves declined, possibly due to RBI selling the dollars. Currently, the forex reserves of India stand at $682 billion down from the recent all-time high of $704 billion," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 105.98. Brent crude, the global oil benchmark, rose 0.25 per cent to $72.07 per barrel in futures trade. On the domestic equity market front, Sensex was trading 210.66 points, or 0.27 per cent lower, to 78,464.52 points. The Nifty fell 100.45 points, or 0.42 per cent, to 23,783.00 points. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,024.31 crore, according to exchange data. On the macroeconomic front, retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices. Inflation based on the consumer price index (CPI) was 5.49 per cent in September and 4.87 per cent in the year-ago month. India's industrial production expanded by 3.1 per cent in September after recording a contraction in the preceding month, as all three major segments -- mining, manufacturing, and power generation -- showed improvement. However, the growth in the Index of Industrial Production (IIP) during the month was lower than 6.4 per cent registered in September 2023.
Source: Business Standard
The necessity of integrating blockchain technology and artificial intelligence into the National Institutes of Fashion Technology (NIFT) curriculum has been underlined by Union Minister Giriraj Singh. The Minister for Textiles stated at a combined convocation event of four NIFT campuses in Delhi that India is moving closer to being Viksit Bharat, and that within the next four to five years, recent NIFT graduates should be giving jobs rather than looking for them. During the event, Singh encouraged the recent graduates to join the start-up ensemble and contribute to India’s unicorn ecosystem. According to a statement released by the textiles ministry, Singh highlighted during the ceremony the urgent necessity to include blockchain and artificial intelligence (AI) in the curriculum of all 19 NIFTs. The convocation ceremony for the National Institute of Fashion Technology’s (NIFT) 2023–24 graduating class was held at Bharat Mandapam. Several luminaries attended the occasion, including Rachna Shah, Secretary (Textiles), Rohit Kansal, Additional Secretary (Textiles) and Tanu Kashyap, Director General of NIFT. Also in attendance were the campus directors from each of the four sites. Students from four NIFT campuses—NIFT Delhi, NIFT Raebareli, NIFT Kangra, and NIFT Panchkula—participated in the joint convocation. NIFT, which was founded in 1986 and currently has 19 campuses around India, is well known for its top-notch fashion education and its programs that equip students for leadership positions in the clothing and fashion industries.
Source: Apparel Resource
he first shipment of American Turkey products for India left on Tuesday, marking a new phase in the bilateral trade relations between the two countries. The shipment comes over a year after India agreed to the American request to reduce high tariffs on US turkey products. US Senator from Virginia Mark Warner, who is also co-chair of the Senate India Caucus, said this marks a historic milestone in international trade, expanding the reach of American turkey products in global markets, and opening new doors for US turkey producers. "This shipment is a tremendous opportunity for Virginia's poultry producers and a huge step forward for US-India trade," he said. "As co-chair of the Senate India Caucus, I look forward to the ongoing cooperation between our two nations and to seeing a wealth of new opportunities open up for Virginia's poultry producers, Warner said. This shipment comes as a result of a trade agreement and tariff reduction, facilitated by a collaborative effort between the two countries. Last year, ahead of Indian Prime Minister Narendra Modi's visit to the United States, Warner was joined by a number of his colleagues in urging Ambassador Katherine Tai to increase market access for US turkey and poultry products. These products previously faced significant barriers from the Indian market due to prohibitively high tariff. "Our US turkey producers have long been committed to providing safe, nutritious, and versatile protein options worldwide, and we're excited to see Indian consumers experience the exceptional quality of American turkey," said Leslee Oden, CEO of the National Turkey Federation. This first shipment is a testament to the strength of US-India trade relations and a reflection of our shared commitment to expanding food diversity and quality, he said. John King, president of Virginia Poultry Growers Cooperative said the cooperative is "excited to be part of this new market opportunity". He added that the move will help nearly 200 independent turkey grower owners. Hobey Bauhan, president of the Virginia Poultry Federation, also expressed hope of good returns, saying, "Virginia turkey farmers are pleased to offer high quality, lean protein for export to India, and we are grateful for those who facilitated this opportunity." Under the trade agreement announced in September 2023, India eliminated and reduced retaliatory tariffs on US turkey products, paving the way for increased access to the nation's rapidly growing protein market.
Source: Business Standard
TOKYO — YKK Corporation has released “This is YKK 2024” Integrated Report showcasing notable progress in its journey toward climate neutrality and environmental stewardship. The company has slashed its greenhouse gas emissions by more than half since 2018, while dramatically expanding its use of sustainable materials across its global operations.
Key Achievements
YKK’s Sustainability Vision 2050 aims for climate neutrality and coexistence with nature by 2050. The company targets 10 SDGs through themes of climate change, material resources, water resources, chemical management, and respect for people. Progress is detailed in the Integrated Report, with additional data on environment, society, governance, and finance in the Data Book.
Innovation Highlights
Environmental Recognition
The company’s dedication to biodiversity has been acknowledged with the designation of YKK Center Park’s Furusato-no-Mori (Hometown Forest) as a Nature Coexistence Site, underscoring YKK’s leadership in corporate environmental stewardship.
Looking Forward
Building on these achievements, YKK has revised its Sustainability Vision 2050 to strengthen its focus on three critical areas:
The company plans to further accelerate its sustainability initiatives throughout its supply chain, working closely with partners to address environmental challenges in the garment industry.
Full List of FY2023 Initiatives for Achieving Sustainability Objectives
Climate change
Material resources
Water resources
Chemical management
Respect people
Source: Textile World
Developing countries in Asia, including India, and climate activists are seeking over $1 trillion annually as grants alone from rich, polluting nations as compensation for climate change in the runup to COP 29 in Baku, Azerbaijan, the world’s biggest climate event, which began this week, according to delegates and observers at the COP29 event in Baku. But Global North is sidestepping their responsibilities and deflecting the core issue of historical pollution, participants said. Monetary demands are in addition to technology transfers as part of a $5-6 trillion demand before Global North to pay their fair share for the damages caused to the climate of developing countries. India is among a few countries worst affected, an official said. But instead of considering the requirements of Global South, led by India, whose devastation has more to do with how Global North near-exhausted the planet’s carbon budget to get rich, many rich nations, led by the United States (US), are trying to categorise the demands as investment to meet their global commitments without making any provision from their public finances for climate funding, an official from Greenpeace International said. Global North is also trying to get Article 6 under the Paris agreement, a carbon market mechanism, operationalised at COP29 to advertise it as a source of climate finance, officials said. Last night, an agreement was struck over part of Article 6.
Also, the US and some European countries are trying to deflect the blame for accelerating global warming mainly to China and, possibly to a lesser extent, India and other developing nations as a collective responsibility to avoid paying reparations for climate destruction, these officials said. John Podesta, a senior advisor to the US President Joe Biden on international climate policy, tried to transfer part of the accountability of historical emission to China at a media briefing Monday, saying that China had been polluting for three decades. Podesta did not name India, a US ally, but officials from Greenpeace International said even before Donald Trump was re-elected, Washington and some European nations were trying to project the absolute polluting levels of India and China and their position as two of top three global polluters to make them share responsibility. Rich countries are pointing fingers at China so that they do not have to pay their share, said Teresa Anderson, a senior official from ActionAid, adding, China has no obligation to pay. Moreover, rich countries are trying to shift the financing from public to private sources and loans under the New Collective Quantified Goal on Climate Finance being discussed at COP29, driving developing countries further into debt, Anderson said.
Rich countries will pounce on India’s transition to the world’s third-biggest economy, and the world’s third-biggest polluter to distribute the contributions, an official privy to UN Climate Change talks in the past said. Rich countries in Global North have hardly provided anything to India or anywhere else in South Asia in the past five years while the demand now for South Asia alone, depending on the needs for climate mitigation, adaptation and loss & damage, is $800 billion annually, participants said. India alone needs over $1 trillion in based on its climate-mitigation needs from its current Nationally Determined Contributions (NDC) spread over a five-year period, said Jagjeet Sareen, partner and global climate co-lead, Dalberg Advisors. The country is working on a new NDC, due by February 2025, and it is unclear what shape that will take and how much India will need. On average over half the funding for renewable energy and other green projects in Asia is coming from local banks and investors, a delegate from Indonesia said.
Source: Business Standard
KARACHI: Trade Development Authority of Pakistan (TDAP) will participate in the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) 2025. Messe Frankfurt (HK) Ltd and the Vietnam Trade Promotion Agency (VIETRADE) will organize the international trade fair for the entire textile value chain from 26th February to 28th February 2025 at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City, Vietnam. TDAP is providing subsidized stalls to increase the exports of suiting, casual wear, ladies wear, sportswear/functional fabrics, shirting, denim, children & infant wear, swimwear & lingerie, knitwear, knitted fabrics, weaving, hosiery socks, apparel textiles, home fabrics, bed linen & blankets, bathroom textiles, kitchen textiles, curtains, furniture & upholstery, carpets, wall coverings, textile processing, textile machinery, and printing machinery. In 2024, VIIATT drew over 400 exhibitors from 17 countries and regions, and over 17,000 trade visitors from 55 countries and regions. 07 Pakistani companies participated in the 2024 edition, including Abdullah Textile, Kay and Emms Pvt. Ltd, MK Sons, Sapphire Textile Mills Limited, Siddiqsons Limited, Softwood Textile, and US Dyeing & Finishing Mills. Exhibiting at the VIATT fair offers Pakistan the opportunity to connect with key buyers in Vietnam. The cost of stalls is only Rs.885,000, while the direct stand price is approximately Rs.1,150,000. The last date to apply is 18th November 2024.
Source: Business Recorder
