Textiles Ministry identifying 13 nations to expand market share

YarnsandFibers News Bureau, 2017-12-11 10:00:00 - New Delhi

Related Keywords: aligning product with specific market, boost exports, five percent trade share, government identified thirteen countries, huge potential for India, increase market share in various markets, India second largest exporter, Marketing Plan prepared, showcase products at exhibition, target markets, textile and apparel in the world, Textile Ministry

New Delhi
Textiles Ministry identifying 13 nations to expand market share

India is the second largest exporter of textile and apparel in the world with 5 percent trade share. To boost exports, government has identified 13 countries as target markets as there exists a huge potential for India to increase its market share in various markets by aligning the product with specific market, said textile ministry.

In line with this, the Marketing Plan has been prepared to synergise various ongoing marketing initiatives while adopting specific approaches for traditional, emerging and other important markets. Products like handicrafts, jute, cotton, textiles and apparel can be showcased through exhibitions to increase their visibility and exports.

The target markets include Germany, France, Italy, the US, China, Hong Kong, Turkey, Australia, Russia, the UAE, Brazil, Egypt and Chile where product segments identified as per their sales and marketing potential will be showcased, the textiles ministry said.

The target segments for European nations including Germany, France, Italy include cotton textiles and handicrafts, whereas Indian apparel will be showcased in the US, and Indian cotton & carpets will be marketed in China, among others.

The Integrated Marketing Plan 2017-18 approved by the ministry for textile and apparel sector calls for "greater convergence among various agencies and to tap new markets through focused trade promotion activities such as B2B meetings, exhibitions, roadshows, etc".

The plan recommends that a common umbrella brand and space must be created by showcasing strength of textile products at the Indian pavilion in fairs. It also includes organizing roadshows in tandem with the ongoing event and organizing India Eve (B2B meetings) after business hours.

A designated official in the delegations participating in exhibitions overseas will coordinate with export promotion councils on the pavilion design, take part in bilateral meetings with government officials and hold interactions with potential investors, showcasing India's advantages.

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Related Keywords: aligning product with specific market, boost exports, five percent trade share, government identified thirteen countries, huge potential for India, increase market share in various markets, India second largest exporter, Marketing Plan prepared, showcase products at exhibition, target markets, textile and apparel in the world, Textile Ministry

New Delhi
Textiles Ministry identifying 13 nations to expand market share

India is the second largest exporter of textile and apparel in the world with 5 percent trade share. To boost exports, government has identified 13 countries as target markets as there exists a huge potential for India to increase its market share in various markets by aligning the product with specific market, said textile ministry.

In line with this, the Marketing Plan has been prepared to synergise various ongoing marketing initiatives while adopting specific approaches for traditional, emerging and other important markets. Products like handicrafts, jute, cotton, textiles and apparel can be showcased through exhibitions to increase their visibility and exports.

The target markets include Germany, France, Italy, the US, China, Hong Kong, Turkey, Australia, Russia, the UAE, Brazil, Egypt and Chile where product segments identified as per their sales and marketing potential will be showcased, the textiles ministry said.

The target segments for European nations including Germany, France, Italy include cotton textiles and handicrafts, whereas Indian apparel will be showcased in the US, and Indian cotton & carpets will be marketed in China, among others.

The Integrated Marketing Plan 2017-18 approved by the ministry for textile and apparel sector calls for "greater convergence among various agencies and to tap new markets through focused trade promotion activities such as B2B meetings, exhibitions, roadshows, etc".

The plan recommends that a common umbrella brand and space must be created by showcasing strength of textile products at the Indian pavilion in fairs. It also includes organizing roadshows in tandem with the ongoing event and organizing India Eve (B2B meetings) after business hours.

A designated official in the delegations participating in exhibitions overseas will coordinate with export promotion councils on the pavilion design, take part in bilateral meetings with government officials and hold interactions with potential investors, showcasing India's advantages.

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Related Keywords
aligning product with specific market boost exports five percent trade share government identified thirteen countries huge potential for India increase market share in various markets India second largest exporter Marketing Plan prepared showcase products at exhibition target markets textile and apparel in the world Textile Ministry

 
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