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Weaves to generate Rs 800 cr revenue

To facilitate the partnership between Indian and foreign buyers with manufacturers and traders, a four-day premier textile fair ‘Weaves’, with the theme: Global Connect for Weaving was inaugurated at Texvalle, Coimbatore. Organised jointly by the Confederation of India Industry (CII) and Texvalley, the buyer-seller meet ‘Weaves’ is expected to generate revenue of over Rs 800 crore. The theme of the event is Global Connect for Weaving’. It has attracted about 1,000 business visitors and over 250 exhibitors representing the textile industry ranging from fabrics to weaving machines.

The event was inaugurated by A Sakthivel, Vice-Chairman, Apparel Export Promotion Council and Regional Chairman, Federation of Indian Export Organisations (FIEO), who noted that the state accounted for 60 per cent of yarn and fabric exports, and 85 per cent of knitwear exports. It provides 40 lakh jobs per year, 60 per cent of which are held by women employees. The state this year registered a 15 per cent decline in its exports. A coffee table book titled “Titans of Textiles” featuring 28 successful entrepreneurs in the textile sector was also released at the event.