Mumbai, Nov 15 (UNI) The second Asian Apparel Conference (AAC) is being organised by the Asian Apparel Federation (AAF) at the Renaissance Hotel, Powai in north east Mumbai from November 22 to 23.
The AAC is being hosted by the Clothing Manufacturers Association of India (CMAI), the largest association of the Indian apparel industry, representing over 20,000 leading manufacturers, exporters, brands and retailers across India.
AAF is the apex organization of the Asian apparel industry.
Its member countries include China, India, Pakistan, Sri Lanka, Bangladesh, Vietnam, Korea, Cambodia, Hong Kong and Macau. AAC is held in each of the ten member countries in rotation every year.
AAF vice president Rahul Mehta, who is also CMAI president, informed that Asia is the most efficient and cost effective manufacturing hub for apparel and fashion accessories in the world. However, the Asian manufacturers are dependent on USA and EEC markets.
Though sourcing by major global brands and global retailers has been on the rise, the price realization for most Asian apparel producers has declined. In fact, Asia itself is a biggest market for apparel having large captive consumption. Countries like China, India, Japan, Thailand, Indonesia and Korea are not only world's fastest growing economies but also the largest emerging garment and fashion markets. These countries offer as much opportunity to the Asian apparel manufacturers, brands and retailers to expand their business as much as they do to their western counterparts.
AAC Organizing Committee chairman Premal Udani said the conference will highlight the recent economic prosperity in various Asian Countries. It will also study spending pattern of these consumers on different segments of clothing. Emerging trends in branding and retailing will be brought into focus. The changing scenario offers large business potential to Asian apparel companies within Asia.
AAC will look forward to explore new business opportunities and joint ventures within Asian countries, which will help to develop a new vision of Asia's emerging position in the global apparel economy. AAC will offer opportunities to share views with 20 well known and experienced experts of Asian apparel industry, coming as speakers. It will also provide opportunity to Asian companies to network with 250 CEOs and expand its reach within Asia.