Textiles fair 'VASTRA -2013' generates Rs 425 crore business this year

JAIPUR: Textiles and accessories fair 'VASTRA -2013' has generated business worth over Rs 425 crore this year, compared to Rs 375 crore in the last edition.

The business generated in Vastra this year was about $ 69.3 million, compared to $ 61 million last time, Riico MD Naveen Mahajan said.

The four-day long exhibition, which ended today, had been being jointly organised by Rajasthan State Industrial Development and Investment Corporation (Riico) and Federation of Indian Chambers of Commerce and Industry ( Ficci).

This year, over 200 exhibitors showcased a wide variety of products -- apparels, made-ups, home textiles, fashion accessories, carpets, rugs and bags, according to organisers.

They said the fair served as a platform to participants for forming new business relations, exports, partnerships worldwide and locations for setting up businesses in India, projecting it as a prominent sourcing hub and investment destination.

The Ministry of Commerce & Industry has provided financial support of Rs 5 crore for the fair, under the Market Access Initiative Scheme, Rajasthan Industries Minister Rajendra Pareek said.

The exhibition has a special significance for Rajasthan as the state government has recently announced a separate policy for the sector titled the 'Special Customised Package for Textile Sector Enterprises - 2013'.

Textiles is among the prominent sectors in Rajasthan, employing 1.61 lakh people in mills and decentralised power loom sector.

Rajasthan has apparel and textiles-friendly policies and provides impetus to the entire textile value chain - from spinning to garments and made-ups.