The 14th edition of the India Tex Trends Fair was inaugurated today in Tokyo by His Excellency Sibi George, Ambassador of India to Japan, alongside Ishii Taku, Vice Minister of Economy, Trade and Industry, and Yoshitaka Sasakawa, Advisor, Japan India Industry Promotion Association (JIIPA).
Ambassador Sibi George praised the collaborative efforts of AEPC and JIIPA, highlighting the significant growth in exhibitors from 70 to 250 over seven years. He emphasized the potential for the textile sector to drive economic growth under the India-Japan Strategic Partnership, aiming to increase bilateral success stories from 1,500 to 15,000.
AEPC Chairman Sudhir Sekhi outlined the objectives to boost India's ready-made garment (RMG) exports to Japan and attract investments in India's RMG sector. He noted India's commitment to ESG compliance, renewable energy adoption, and the introduction of the traceable cotton brand, Kasturi.
Secretary General Mithileshwar Thakur highlighted the opportunity to increase India's current 1 per cent share of Japan's $23 billion garment import market. He stressed India's strengths in fibre availability, minimal import dependence, and a complete value chain, making it well-positioned to fill the gap left by China's declining market share in Japan.
With duty-free access under the Indo-Japan CEPA, Indian RMG manufacturers have a competitive advantage over Turkey and China, which face duties of 9 per cent and 9.5 per cent, respectively.
The fair features meetings with top Japanese brands and retailers, including Fast Retailing, Toray International, and MUJI, showcasing a diverse range of Indian apparel across various categories.
