37th India international garment fair opens

New Delhi, July 18 (UNI) The 37th India International Garment Fair, which was inaugurated here today by the Ministry of Textile Joint Secretary Quaiser Shamim, is expected to generate business of around 125 million dollar business.

Mr Shamim stated that the garment industry is a booming sector of our economy and a major contributor of foreign exchange earnings for the nation with exports of about 8.2 billion dollars during the year 2005-06 and the Government has set a target of textile exports of 9.5 billion dollars for the year 2006-07.

Appreciating the active participation by a large number of buyers, he said that the garment exporters would be able to achieve a higher growth rate.

The three-day fair will be attended by around 400 exhibitors from all over the country. Over 500 buyers from 62 countries were registered for the fair. The major buyers registered are from USA, UK, Spain, Canada, Australia, France, Turkey, UAE, Italy, Russia, Singapore, Poland, Saudi Arabia and South Africa. Other important countries are Mexico, Hungary, Brazil, Israel, Chile, and Panama.

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