Taiwan to export $500-mn textile products to India in 5 years

Source: The Economic Times, Nov 24, 2016

MUMBAI: The Taiwan Textile Federation (TTF) is bullish on domestic textile sector and is looking to export textiles products worth around $500 million to India in the next five years.

“India is a very dynamic market with lot of potential and scope for Taiwanese companies. Our focus is to tap new business opportunities in India, Bangladesh, and Sri Lanka where there is huge demand for innovative knit and woven textile products (performance & functional) like synthetic, fancy, functional etc as well as garment accessories,” Taiwan Textile Federation Overseas Market Development Sean Tsai said.

Tsai said this on the sideline of buyer-seller meet here.

“We aim to export around $500 million worth of functional textiles in the next five years to India. The bilateral trade between India and Taiwan has grown from $1.19 billion in 2001 to $6 billion in 2014,” Tsai added.

For over 10 years, the TTF had been organising buyer-seller meet in India and has been quite successful in connecting and supplying our innovative and trendy textiles to the leading fashion garment exporters’ as well domestic brands in India, he added.

Organised by the TTF and the Bureau of Foreign Trade and represented by Worldex India Exhibition & Promotion, Taiwan Textile Fair showcased Taiwan’s innovative and value-added yarns, fabrics, trimmings and clothing accessories were displayed to apparel exporters, fashion brands and labels, retailers, importers, distributors based in Mumbai.

Taiwanese textile industry is known in the world for its innovative and high-quality products and are sourced by leading global brands for sports and active wear, outdoor wear, functional wear, formal wear, suiting and shirting by leading global brands such as such as DKNY, S. Oliver, C&A, Victoria’s Secret, GAP, Nike, Adidas, Calvin Klein, H&M, Marks & Spencer, TESCOUK, Tommy Hilfiger etc.

Some of the leading exporters and brands in India that are already sourcing from Taiwan include Shahi Exports, Gokaldas Images, Madura Garments, Wildcraft, Moxi Sports, and Proline India.

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