IIGF: Over 1,100 Global Buyers Attend International Apparel Fair in India
“IIGF provides a direct marketing platform to MSME exporters across the country, bringing together nearly 500 exhibitors and more than 2,000 foreign buyers and buying agents,” said Naren Goenka, President of AEPC, adding that it was the largest platform in Asia.
Buyers come from USA, Brazil, Japan, UK, Spain, Australia, Poland, Colombia, Greece, Italy, Egypt, Chile, Argentina , United Arab Emirates, Thailand, France, Germany, Canada and Iran, among others.
According to the board, at the last physical fair held in January 2020, the business generated was $166.17 million.
“We expect 10% growth even though unfavorable marketing conditions prevail in various countries,” Goenka said.
The global apparel market, which stood at just under $1.5 trillion in 2013, is expected to generate revenues of $1.8 trillion in 2022 and $1.9 trillion in 2025 before closing. to $2 trillion in 2026, according to PEAC.
AEPC said it has set up a booth where various start-ups will showcase their efforts in the textile and apparel sector. According to Goyal, there are around 600 textile start-ups in India and the production-linked incentive program would be a window on the flow of investment to India and boost exports of MMF garments and technical textiles while increasing their production to meet global demand.