Textile exporters urged to tap Indian market

A top official of the Federation of Philippine Textile Industry has urged local textile exporters to tap the Indian market by offering good quality products at reasonable prices.
Shashank Pareek, director of FPTI stressed that natural products such as the Philippine piña, abaca and other indigenous fibers have huge competitive advantage in the Indian market. India’s 1.2 billion population utilize around 4.8 billion kilos of textiles a year.

Youngsters who comprised about 40 to 50 percent of Indian population are beginning to look for new products when they try out.

Pareek said half of the middle class estimated at 600 million consists of educated young professionals who have a lot of earning power.  He also encouraged Filipino exporters to participate in trade fairs in India.

Pareek said the Philippine embassy in India, which has offices in New Delhi, Mumbai and Kolkata, also promotes and facilitates trade between the two countries.