GlobalSpin Trade Conclave

Promotion of Handlooms, Handicrafts, and Technical Textiles

CREDIT | QUALITY | INNOVATION | TECHNOLOGY | VALUE | MARKET | SUSTAINABILITY

2022

ABOUT GLOBALSPIN TRADE CONCLAVE & EXHIBITION

THE NEED:

The economy of Asia comprises more than 4.5 billion people (60% of the world population) living in 49 different nations. Asia is the fastest-growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world’s longest modern economic booms, starting from the Japanese economic miracle (1950–1990), Miracle on the Han River (1961–1996) in South Korea, economic boom (1978–2013) in China, Tiger Cub Economies (1990–present) in Indonesia, Malaysia, Thailand, Philippines, and Vietnam, and economic boom in India (1991–present).

As in all world regions, the wealth of Asia differs widely between, and within, states. This is due to its vast size, meaning a huge range of different cultures, environments, historical ties and government systems. The largest economies in Asia in terms of PPP gross domestic product (GDP) are China, India, Japan, Indonesia, Turkey, South Korea, Saudi Arabia, Iran, Thailand and Taiwan and in terms of nominal gross domestic product (GDP) are China, Japan, India, South Korea, Indonesia, Saudi Arabia, Turkey, Taiwan, Thailand and Iran.

Total wealth is mainly concentrated in East Asia, India and Southeast Asia, while if measured by GDP per capita; is mostly concentrated in the East Asia in Japan, South Korea, Taiwan, Hong Kong, Macau, Singapore, and Brunei, as well as in oil rich countries in West Asia such as Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman. Israel and Turkey are also two major economies in West Asia. Israel (entrepreneurship on diversified industries) is a developed country, while Turkey (founding member of OECD) is an advanced emerging country. Asia, with the exception of Japan (heavy industry and electrical sophistication), South Korea (heavy industry and information and communication technology), Taiwan (heavy industry and hi-tech parts manufacturing), Hong Kong (financial industry and services) and Singapore (high-tech manufacturing, biotechnology, financial and business services and tourism) in recent years, is currently undergoing rapid growth and industrialization. China (manufacturing and FDI-led growth) and India (commodities, outsourcing destination and computer software) are the two fastest growing major economies in the world.

East Asian and ASEAN countries generally rely on manufacturing and trade (and then gradually upgrade to industry and commerce), and incrementally building on high-tech industry and financial industry for growth, countries in the Middle East depend more on engineering to overcome climate difficulties for economic growth and the production of commodities, principally Sweet crude oil. Over the years, with rapid economic growth and large trade surplus with the rest of the world, Asia has accumulated over US$8.5 trillion of foreign exchange reserves – more than half of the world’s total, and adding tertiary and quaternary sectors to expand in the share of Asia’s economy.

OBJECTIVE:

  1. To work closely with the Central and State Governments to build a conducive eco-system to develop a globally competitive Handlooms, Handicrafts & Technical Textiles Industry.
  2. To strengthen the minimum viable eco-system of fashion and textiles space aiming Handlooms, Handicrafts and Technical Textiles that would mean to drive the Innovation, Sustainability and Technology leading to employment generation and wealth creation.
  3. To accelerate global collaboration and sustainability with a specific focus on delivering action across three principles;  Collaboration & Leadership, Economic Development & Sustainability, and Technology & Innovation.
  4. The conclave will lay emphasis on the following segment of Handlooms, Handicrafts and Technical Textiles:
  • Innovation and Technology
  • Innovative Financing (Debt/ Equity/ Grant)
  • Market Access and Linkages
  • Research and Development
  • Export Promotion
  1. To create a platform for sustainability of MSMEs (artisans, designers, traders, exporters, manufacturers) to not only have market access to Indian consumers but also international market and help accelerating their economic development on sustainable basis.

BENEFITS TO MSMEs/ START-UPS:

Following are the benefits of participating in the GlobalSpin Conclave and Exhibition:

  1. Showcase Products and Services to the participating delegates.
  2. Opportunity to test the products/ services in the marketplace.
  3. Create a brand visibility of their company and explore Partnership Opportunities, Joint Ventures and Franchises with International Companies.
  4. A platform to network with potential technology partners, exporters, importers, dealers, suppliers, financial institutions and other stakeholders from different countries including India.
  5. Understanding the significance of competitiveness to integrate MSMEs in global markets.
  6. First hand information on transfer of technology, better human resource practice improved productivity and success stories of MSMEs.

THEMES:

Innovation

Sustainability and Circular Economy

Impact 4.0 – What’s next for Industry 4.0?

 

SUB-THEMES:

Bringing all Handloom, Handicraft and Technical Textile Users, Micro Small & Medium Enterprises (MSMEs), Start-ups, Value Chain Stakeholders and International Experts together to focus on promoting Indian Handloom, Handicraft and Technical Textile as Exotic, Natural, Sustainable, Utilitarian, Aesthetic, Artistic, Creative, Culturally Attached, Decorative, Functional, Traditional, and Religiously and Socially symbolic and significant.

 

  1. Sustainability: Low/Zero carbon footprint, long-lasting products, using natural resources responsibly without releasing harmful substances to the environment.
  2. Shared Prosperity: Income generation, consistent employment, skill development, empower the maker, greater social economic impact.
  3. Re-inventing Fair Trade: Radically changing the existing fair trade practices for greater impact by creating innovative partnerships whose impact can be measured against fair trade’s principles.
  4. Global Platform: Connecting manufacturers with worldwide consumer markets, moving away from mass production to meaningful and valued sustainable production.
  5. Technology: A major role to play in enhancing the value preposition specially in innovating new business models to support circular economy and sustainability.
  6. MSMEs/ Startup Promotion in Fashion and Textile Sector.

 

 

event outcomes

Buyer Seller Meet.

Access to Government Schemes and Investments (Debt & Equity) for MSMEs and Startup.

Transference of information to domestic industry on latest global technological practices.

Knowledge dissemination to Industry on their concerns through latest research and development in technological solutions.