Taiwan eyes India market, plans to export $500-mn textile products in 5 years

The Taiwan Textile Federation (TTF) is eyeing India for growth of its domestic textile sector and with plans for textile exports worth around $500 million to India in the next five years.

Taiwan textile firms eye India for export market potential over the next five years - Ifabrix

"India is a very dynamic market with lot of potential and scope for Taiwanese companies. Our focus is to tap new business opportunities in India, Bangladesh, and Sri Lanka where there is huge demand for innovative knit and woven textile products (performance & functional) like synthetic, fancy, functional etc as well as garment accessories," said Sean Tsai, overseas market development Taiwan Textile Federation.

"We aim to export around $500 million worth of functional textiles in the next five years to India. The bilateral trade between India and Taiwan has grown from $1.19 billion in 2001 to $6 billion in 2014," Tsai added.
For over 10 years, the TTF had been organising buyer-seller meet in India and has been quite successful in connecting and supplying our innovative and trendy textiles to the leading fashion garment exporters' as well domestic brands in India, he added.
Some of the leading exporters and brands in India that are already sourcing from Taiwan include Shahi Exports, Gokaldas Images, Madura Garments, Wildcraft, Moxi Sports, and Proline India.

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