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 With the Economy now on a strong footing, having emerged from the global recession, exhibiting companies at the F&A show can expect positive trends from Indian and global buyers. Moreover, Indian economy is surging ahead and showing definite signs of sustaining this growth.
The United Progress Alliance (UPA) government's
policies are in tune with global economic trends and will benefit the textile and clothing industry.
In fact, there is a new thinking and approach that focuses on overall growth of the economy and
people. Textile industry, being an employment provider to millions and one of the major foreign
exchange earners to the exchequer, will stand to benefit from the policy initiatives of the
government. On its own steam, industry is taking initiatives to maintain the growth trajectory.
While the domestic economic scenario is
continuously showing an upward movement, industry can expect to see better sales in times to
come. However, the global markets, especially the US and EU are still emerging from the recession. Indian textile industry's efforts are now centered on diversifying its markets and thereby reducing dependence on the US and EU – its major buyers.
Another focus area will be to increase value realizations in domestic and international markets. In order to achieve this, garment exporters and local brands will need access to high quality and value of raw materials like fabrics, trims and accessories. We hope and endeavor that the F&A Show will play a catalyst in industry achieving its main objectives.
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