New Delhi, India –13th July 2023– According to Statista, the revenues in the Indian apparel market are expected to reach an astounding US $96.47 billion in 2023, with an annual growth rate of 3.34% (CAGR 2023-2027). Remarkably, India’s apparel market has secured its position as the fourth-largest globally, trailing only China, the USA, and Japan. As India’s economy continues to flourish, experts predict a significant increase in per capita income, projecting it to rise from the current US $ 2,278 to an impressive US $ 5,242 by 2030. In its endeavour to support India’s prestigious mission to become global apparel and textile hub, Apparel Sourcing Week (ASW) 2023, Asia’s premier sourcing show for the global fashion and retail industry is poised to create a wave of excitement with its much-awaited third edition.
With participation from over 15 countries and the presence of more than 5000 visitors from across the globe representing buyers, sourcing heads, industry professionals and retail brands from the fashion and retail industry, ASW 2023 is set to become the biggest platform in the region. The highly anticipated 2023 edition of ASW is scheduled to take place on July 20th-21st at the iconic Hotel Sheraton Grand and Convention Center in Bengaluru, this transformative event will provide an unprecedented platform for industry stakeholders to tap into the immense potential of the booming Indian fashion retail market.
The global fair as it is, with 150 exhibitors from countries such as Bangladesh, Sri Lanka, India, Mauritius, Hong Kong, and Australia; 50-plus fabric and accessories manufacturers; and 30-plus sponsors offering specialised fabrics to sustainable technology, ASW 2023 will be the veritable one-stop sourcing solution for the supply chain players. Among the key exhibitors at ASW 2023 are Aitken Spence Apparel, and Timex Garments (Pvt.) Limited, Sarasavi Exports, Colmans Garments Group (all from Sri Lanka); Azim Group, Pakiza, Mitali Fashions (all from Bangladesh); PratibhaSyntex,SCM Garments, Creative Garments Pvt Ltd., Texport Industries (all from India), apart from many others presenting their innovative product ensembles and manufacturing capabilities.
“The Indian market stands as a beacon of hope amidst the global economic challenges, and ASW 2023 offers a gateway to this extraordinary growth story,” expressed MayankMohindra, CEO of ASW and Director, Apparel Resources, adding, “Our vision is to provide an unparalleled and enriching experience in the vibrant fashion retail landscape of India.”
An awe-inspiring line-up of speakers comprising industry experts and thought leaders including Bruce Atherley (Executive Director, Cotton Council International), Arjun Puri (Director, KAS Asia), Dr.NareshTyagi (Chief Sustainability Officer, ABFRL), Anant Ahuja (Head of Organisational Development, Shahi Exports), Jayesh Kothari (President – Sourcing, V-Mart Retail), WicrantGambhir (Head – Sourcing, Product Integrity & Quality, Babyshop Concept Landmark Group), Ranjan Mahtani (Executive Chairman, EPIC Group), Shreyaskar Chaudhary (Managing Director, PratibhaSyntex), SaikatMitra (Sr. VP – Design & Creative Director, Van Heusen), Abhishek Bansal (Head of Sustainability, Arvind Ltd.), Pranav Jha (Director of Sourcing, Myntra), Shirish Srivastava (Head of Apparel Sourcing, PUMA India), Chippy Mehta (COO, Bombay Shirts Company), and many others will engage in thought-provoking discussions to delve into tomorrow’s changing paradigms in the fashion retail landscape.
The highlight of Day 1 of ASW 2023 is the SustainableNXT Conference & Awards, dedicated to fostering circularity, green building, sustainable materials and practices in the fashion industry, promoting the agenda of sustainability and a greener future. Committed as it is towards driving positive changes ASW through SustainableNXT Awards will honor 20 individuals and entities across five categories for their exceptional efforts in the realm of sustainability.
Around 5000 plus attendees including buyer delegates, representing leading national and global retail chains and e-commerce platforms, ASW 2023 will once again reiterate its standing as the foremost sourcing platform, captivating the attention of top industry players, only to consolidate its position as the global hub for fashion retail.