ALSO READTextile packages gave 16% boost to exports: Economic Survey Suryajyoti Spinning Mills announces board meeting date Microsoft launches Azure-powered digital empowerment centers for Telangana weavers Govt eyes MoUs, fairs abroad to promote Khadi Suryaamba Spinning Mills to announce Quarterly Result
India's Ambassador to Egypt Sanjay Bhattacharyya today inaugurated the Indian pavilion at the the Cairo Fashion and Tex Exhibition in Cairo International Convention Centre.
"Twenty-three Indian companies are participating in this exhibition, six of them are repeat companies and the others are coming for the first time, Bhattacharyya told PTI during the inauguration ceremony.
The ambassador said that he sees a sense of optimism about the Egyptian market and the demands in the country are growing.
"Of course Indian cotton yarn is very highly recognised in Egypt and we would like to see the share grow. But also I think there is also great opportunity for some of the other fabrics that the Indian producers have brought, the ambassador said.
The exhibition runs until March 10. The participation of Indian companies is being organised at a demarcated area called Indian Pavilion located in Cairo Fashion and Tex Exhibition by Texprocil, an apex textile chamber sponsored by Government of India, in association with the Embassy of India in Cairo.
The products on display include a cross section of Indian yarn and fabric products including denim.
It is expected that the exhibition will draw a large number of trade visitors for fruitful business discussion with the Indian exhibitors who will be showcasing their best range of products.
Being the world's second largest producer of synthetic fibre and yarn, cotton, cellulosic fibre and silk, India exported around USD 342 million worth of textile and clothing products to Egypt in 2017.
The cotton yarn was the dominant product in the export basket, which was valued at USD 163 million followed by man-made yarn fabrics valued at USD 121 million and cotton fabrics valued at USD 25 million.
Textile products have played an important role in the growth of the Indo-Egyptian bilateral trade. The Indian textile industry is modern, vibrant and many manufacturers have set up a state of the art processing houses to roll out large volume of high quality products to meet the international market demands and expectations.
Egypt is a significant and important market in North Africa for Indian exports of yarn and fabrics. The Indian companies are using this exhibition as a platform to meet textiles entrepreneurs and understand the recent development in the Egyptian textile sector.
The entrepreneurs will benefit from a first-hand knowledge of the evolving market conditions and domestic textile industry enabling them to identity areas of mutual cooperation.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)