by Apparel Resources News-Desk
15-March-2019 | 4 mins read
The wait is finally over! The much-awaited Apparel Sourcing Week (ASW) 2019 got underway at ITC Gardenia in Bengaluru today.
Chief Guest Gaurav Gupta (Principal Secretary-Commerce and Industry, Govt. of Karnataka) inaugurated the event along with President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Siddiqur Rahman and Vice-President (Finance) BGMEA, Mohammed Nasir
The first-ever regional networking platform of its kind, ASW, aims to bring the manufacturing hubs of the Asia-Pacific region closer to the vibrant Indian fashion retail sector (currently worth US $ 49 billion, and expected to touch US $ 115 billion by 2026).
With diverse and abounding product categories, if the exhibitors are all geared up to make the best of this opportunity, the brands/retailers sounded equally confident of ASW being able to successfully meet their expectations.
“I congratulate the organisers for coming up with the Apparel Sourcing Week 2019 in Bengaluru. Bengaluru is not only a major centre for technology but also a hub for a host of industries including apparel manufacturing. Retail sector is also very very strong here, and I am sure the platform of ASW would provide a win-win situation for brands and retailers while also offering new export opportunities for Bangladesh,” maintained Rahul Gupta, Principal Secretary-Commerce and Industry, Govt. of Karnataka, adding that in today’s age of mutual cooperation, strong business relations between the India and Bangladesh is the need of the hour.
Speaking on the occasion, the BGMEA President acknowledged the efforts put in by ASW and wished the organiser success in this endeavour.
“India-Bangladesh relations have grown stronger over the years and India is already a very important development partner for us besides being a vital destination for garment exports. Garments today account for more than 80 per cent of our total exports while India on the other hand boasts of upwardly mobile and sizeable middle-class that has significant buying power… Bangladesh can offer apparels at very competitive price. What’s more, our apparel manufacturing industry is one of the most sustainable as well from every aspect. Being a neighbouring country, we can leverage each other’s strengths and work together towards strengthening bilateral business relations,” Siddiqur Rahman observed.
On his part, Deepak Mohindra, Editor-in-Chief of Apparel Resources (organiser of ASW) thanked the exhibitors and visitors for their overwhelming response.
“Around 6 months back, when we began to develop this concept, we identified 3 key influencers that are the core to the success of the show namely Opportunity, Knowledge and Inspiration. Opportunity as we all understand, is through this platform which works for both the exhibitors and retailers… In the next two days, we look forward to see great business develop for you all and wish everyone a fulfilling 2 days…,” said Deepak Mohindra.
Designed to provide a complete sourcing platform while also encouraging knowledge sharing amongst the stakeholders, ASW has lined up a series of power-packed seminars and panel discussions featuring the stalwarts from all related and relevant domains to give a better perspective on the‘HOWS’ and ‘WHATS’ of Indian retail market.