The Indian city of Mumbai played a host to the leading players of the Asian textile industry, global input suppliers and service providers at the 9th edition of Asian Textile Conference (ATEXCON) – the flagship event of Confederation of Indian Textile Industry (CITI), the apex industry chamber of the textile and clothing sector of India, that raised curtains on March 14.
The textile event was inaugurated by Indian Textile Minister Smriti Irani at Hotel ITC Maratha. The show has been themed “Textile Industry: Moving Beyond the Conventional Paradigms”, to achieve US $ 300 billion in trade.
Further, Market, Innovations and Technological Developments Shaping the Future of Textile Manufacturing, Global Value Chain – Trade and Investment Perspectives and Retail in Textiles & Apparel: Emerging Scenario were discussed during the event.
Key areas of business, including regional as well as global issues related to this sector, were also deliberated by the participants.
More than 350 leading industrialists/decision makers, diplomats, trade & technical experts, industry associations from India and abroad participated in the conference.
The need to tap on the emerging opportunities through cross-country cooperation was the major focus area of the conference. The event is designed to benefit the participants through direct interactions with Government officials, industry, mill-owners, potential customers of machinery and other inputs.
“Through policy measures by the Government in partnership with the industry, India could achieve US $ 80 billion textile and apparel exports at an annual growth of 9 per cent. The overall market is expected to grow at 11 per cent annually to reach US $ 220 billion by 2025,” according to a white-paper representation released at the conference.
Notably, CITI has been organising ATEXCON from 2005 with an aim to discuss key aspects of textile business, concerns and evolving prospects in the industry.
