and Brazil which are eyeing investments into India’s textile industry,
will play host to 22 Indian companies going to participate in the Mega
Textile & Clothing Exhibitions in Buenos Aires, Argentina March
25-26 and Sao Paulo, Brazil March 29-30, under the flag of Synthetic
& Rayon Textiles Export Promotion Council SRTEPC)…Indian
ambassador to Argentina, Uruguay and Paraguay, R Viswanathan, told FE,
“Latin America is a focus area with huge potential for export expansion
of textiles, as Indian exporters are less familiar with these markets.
Among the LAC countries, Brazil and Argentina hold the highest
potential for increase in exports of textiles and clothing from India.”..Though
Brazil and Argentina import textiles & clothing worth Rs 17,243
crore and Rs 7,290 crore respectively, India’s share in these markets
is negligible at 12% & 6% respectively. Hence there is tremendous
scope for increasing India’s exports of textiles to these markets and
the mega shows are meant to achieve this objective, Viswanathan
explained…The event is jointly organised by SRTEPC in
co-ordination with the Apparel & Cotton Textile Export Promotion
Councils (AEPC & TEXPROCIL), with the active assistance of the
concerned Indian Missions.