New Delhi, Oct 19 (IANS) In a bid to resolve issues regarding the development of the Indian fashion design industry, the Confederation of Indian Industry (CII) and Fashion Technology Park (FTP) Thursday announced the second Fashion Knowledge Forum (FKF) 2006.
The international conference will be held in Chandigarh on Nov 15-16.
'Global trade in the textile and clothing industry is currently pegged at around $450 billion. India and China are two emerging economies of the world, and textile and apparel sector is the traditional pillar industry of these countries,' Sarita Nagpal, principal counsellor and head, manufacturing services, CII, said in a statement.
'There exists a huge potential to tap the Indian fashion design market,' said Jagjit Singh Kochar, chief executive of FTP.
According to Kochar, China is emerging as a global production hub and India, as a most sought outsourcing destination for design led value-added services and products.
Vishal Goel, vice president, Ernst and Young, said, 'We will study and define the capabilities, issues and concerns of fashion business as a whole and the key segments in India to evaluate weak links of the whole fashion value chain including backward, forward and parallel linkages.'