The Philippine Chamber of Commerce and Industry (PCCI) and Philippines-India Business Council (PIBC) in partnership with the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) of India and in collaboration with the Embassy of India, held the Indian Textile Exhibition (Intexpo Philippines 2012) and Buyers-Sellers Meeting last 23-24 May 2012 at the Dusit Thani Hotel, Makati City.
The exhibition which was participated by 16 Indian textile companies aimed to strengthen existing trade relations between the two countries and initiate awareness on Indian textile industry and its products. The exhibit offered an opportunity for the Filipino garment makers and textile importers to explore the possibility of discussing profitable business deals and interact closely with their Indian counterparts.
In his welcome remarks, Atty. Miguel B. Varela, PCCI President said that the Intexpo Philippines 2012 was organized at a very interesting time when the country’s economy is surging, business and trade are on the rise, cross-border trade is increasingly liberalized, and with all the variety of goods and services deluging the market as a result of more liberal policies, consumers have become more selective in choosing products that provide them the best value for their money. He also mentioned that the Indian textile and garments have not only kept up but have in fact consistently been among the products of choice by consumers everywhere.
Textile and garments industry of India is acknowledged among the best in the world and have made inroads into the international market for their durability, quality and beauty. For these reasons, the Indian textile industry has become one of the leading and largest textile industries in the world.
Atty. Varela believed that Intexpo will be able to help revive the ailing local garments industry. The opportunities for industry practitioners to meet and discuss the latest trends and developments will surely help strengthen their respective businesses.
Ms. Fenny Bonoan of Bureau of Export Trade and Promotion of Department of Trade and Industry mentioned that trade between India and Philippines for the period of January to October 2011 increased by 12.25 percent. In fact, during the last three years, the Philippine export of Indian synthetic fabrics and yarns increased substantially from US$ 5 million to US$ 13 million.
Mr. Srijib Roy, Joint Director of SRTEPC reported that exports of Indian textiles to the Philippines have increased by 160 percent during the last three years.
He said that the Philippines has a vibrant creative industry. It can create good quality textile products and market them abroad but has scarce resource on raw materials. He added that this is where a potential cooperation between Indian textile producers and Philippine garment manufacturers can best serve the complementarities between them.