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Taiwan eyes India for future exports

Taiwan eyes India for future exports

The Taiwan Textile Federation (TTF) believes that India is a very dynamic market with lot of potential and scope for the Taiwanese companies. The companies want to focus on tapping 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 is buoyant on domestic textile sector and is looking to export textiles products worth around US $500 million to India in the next five years.

Taiwan Textile Federation Overseas Market Development aims to export around US $500 million worth of functional textiles in the next five years to India. The bilateral trade between India and Taiwan has grown from US $1.19 billion in 2001 to US $6 billion in 2014. And TTF is hopeful that the same will surely get a hike in the time to come.

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. Some of the leading apparel and lingerie names like Gokaldas Images, Madura Garments, Proline India etc are already sourcing from Taiwan for quite sometime now. 

Taiwanese textile industry is known globally  for its innovative and high-quality products and are sourced by leading global brands for sports and active wear, outdoor wear, functional wear, formal wear, suiting and shirting by leading global brands such as such as DKNY, S. Oliver, C&A, Victoria's Secret, GAP, Nike, Adidas, Calvin Klein, H&M, Marks & Spencer, TESCOUK, Tommy Hilfiger etc. Soon India will also count high on Taiwan with TTF, joining hands in the country's effort.

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