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Textile Asia exhibition on the opening day strikes order worth $150mn

YarnsandFibers News Bureau 2015-09-01 14:00:00 – Karachi

The 14th International Textile Asia Exhibition took off to a good start with orders worth $150 million booked on the opening day, while deals worth more than $300 million were agreed to during the three day mega textile fair organised by the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA). It witnessed around 55,000 visitors during first two days while more than 100,000 visitors registered their presence in textile fairs in three days.

After the amazing response and winning huge success, the PRGMEA and Ecommerce Gateway Pakistan have decided to hold International Textile Asia Exhibition every year in August at Expo Centre Lahore for at least next five years. They have also signed a memorandum of understanding to jointly conduct the mega textile event.

According to PRGMEA Central Chairman Ijaz Khokhar, this year’s show was dominated by Chinese companies, but next year they intend to invite companies from Germany as well as from across Europe to showcase their brands.

PRGMEA Central chairman said that the machinery and equipments display at the exhibition were of immense utility to manufacturers producing

value added products for increasing volume of exports. He hoped that local businessmen would benefit from this technology by adding value to their products. Textile Asia Expo also featured businessmen to businessmen (B2B) meetings, a lot of important industry-related presentations and seminars on textile sector.

PRGMEA vice chairman Malik Naseer said that this textile machinery fair in Pakistan would increase productivity, resulting into better competitiveness. The exhibition is aimed at focusing the Punjab’s potential of textile and garment machinery, accessories, raw material supplies, chemicals and allied services under one roof, as around 80% of textile industry locates in this province. The exhibition also provided an effective platform for joint ventures and collaborations to the textile sector’s SMEs.

Malik Naseer observed that the PRGMEA mega fair provided the local small textile industry a best opportunity where more than 350 international brands from around 29 countries displayed their products in more than 500 stalls.

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