Smt. Kiran Dhingra, Secretary, Ministry of Textiles inaugurated the India Pavilion at International Fashion Fair, Tokyo, Japan. Dr. A.Sakthivel, Chairman, AEPC welcomed Secretary, Ministry of Textiles. India’s participation in IFF Tokyo has grown to 155 booths. The fair is expected to bring 30,000 buyers in three days.
Smt. Dhingra also witnessed a Fashion Show showcasing India’s fashion, strength and products. There was an overwhelming response of Japanese buyers in India’s pavilion.
In a bid to give greater impetus to trade and investments in apparel sector, Smt. Dhingra is leading a delegation to Tokyo. Speaking on the occasion she said, “This kind of participation will strengthen the India and Japan Economic Partnership and boost the trade. Under the India-Japan CEPA, India will be benefited by Japanese investments, technology and world-class management practices that come with it. Japan can take advantage of India‘s huge and growing market and resources, especially its human resources. The Agreement which is comprehensive in nature will further strengthen India- Japan economic ties to the benefit of both countries immensely. CEPA provides a win-win situation for both the countries. “
The International Fashion Fair is Japan’s largest fashion business trade show held twice every year in the months of January and July. The fair attracts around 800 companies and delegates from 20 countries participate in the fair. The Ministry of Textiles supports the Indian participation. This year, 155 booth spaces are for display by the 109 companies and 14 booths are for conducting daily fashion shows. Three fashion shows are held daily.
The available data shows that India’s apparel trade with Japan has increased despite global slowdown on one hand, and with Japan recovering from the devastating Tsunami on the other hand.
Apparel Import by Countries from India and World | |||||||||||
Countries | Import from World, US$ Mn. | Import from India, US$ Mn. | India's Share in % | ||||||||
2009 | 2010 | 2011 | % Change 2011/2010 | 2009 | 2010 | 2011 | % Change 2011/2010 | 2009 | 2010 | 2011 | |
Japan | 24069.8 | 25262.2 | 31100.3 | 23.1 | 192.7 | 204.6 | 271.4 | 32.7 | 0.8 | 0.8 | 0.9 |
The current bilateral trade between India and Japan is a little over US$ 13 billion and it is expected that to touch US$ 25 billion by 2014.
