New Delhi : Major textile corporates are using the ongoing textiles fair "Texstyles India" to showcase their capabilities, projecting India as a world leader in the sector and attracting foreign buyers in a big way. "It is difficult to ascertain the exact quantum of business done in the fair. However, it is a good opportunity for us to use it as a platform for future exports," assistant general manager of the Rs 1,579 crore LNJ Bhilwara group, SK babbar siad. Most companies were tightlipped about figures on business done, however, the executive director, Indian trade promotion organisation, KT Chacko said told that the estimates were that it should be upwards of $80 million."We are exporting Rs 40 crore worth of linen yarn and fabrics annually and Texstyles India serves as the convergence spot for most of our overseas clients," vice-president, Indian rayon industries, Abhey Nair said. Mr Babbar said the buyers had shown keen interest in their flame retardent fabric, trevira cs, which they had manufactured in collaboration with German company Hoechst.
The fabric, containing 99.4 per cent polyster and 0.6 per cent phosbholine, stalled the immediate spread of fire. Though the technology was costly, the cloth was being used for upholstery and furnishings and was popular among foreign buyers. Mr Babbar said the fair was an important event for the company as textiles was its flagship segment, registering a total sales of Rs 1,239 crore, 78.5 per cent of the overall turnover, in 1999-2000.About 35 per cent of the total textiles sales of the group amounting to Rs 443 crore were being exported and with 1,500 overseas buyers in `Texstyles India,' the group was expecting some major orders, he added. Mr Babbar, however, did not give the details of the business transacted and contracts expected to be signed.
Bengal-based Indian Rayon and Industries, was promoting its linen club fabrics as the most suitable for tropical and hot climates in the fair.With a capacity of 1,450 tonne per annum for yarns and 10 million metres fabric annually, the company was showcasing 100 per cent pure linen, linen/cotton, and linen/rayon fabrics for importers, Mr Nair added.Mr Nair said the company was using the James Mackie and Sulzer projectile technology for linen yarn and fabrics respectively to meet the quality standards set by the market leaders worldwide.
The four-day fair with 325 participants including 10 foreign ones attracted customers from over 64 countries.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
