Rajasthan State Industrial Development and Investment Corporation Ltd (RIICO), with FICCI as co-organizer, is organizing the third edition of the International Trade Fair on Textiles and Apparel 'Vastra-2014' to promote textile exports and investments, with focus on Rajasthan.

The event is designed basically on B2B format where buyers and exhibitors can explore new business opportunities .

About 300 foreign buyers and 75 Indian buying houses/agents have been targeted for this event. Of the 300 foreign buyers, as many as 200 of them from 57 countries including Australia, Latin America and CIS countries besides 35 Indian buying houses have confirmed their participation, said Veenu Gupta, Principal Secretary Industries and MD of Rajasthan State Industrial Development & Investment Corporation (RIICO), at a joint press conference.

Seven Indian states - Gujarat, Karnataka, Andhra Pradesh, Bihar, Jharkhand, and Haryana - have also confirmed participation. Exhibitors' would showcase yarn, fabric, apparel, accessories, home textiles and technical textiles.

Besides, the High Commissioner of Sri Lanka and Lesotho have also confirmed their visit to fair.

Vivek Khandelwal, General Secretary of Garment Exporters Association of Rajasthan, said that Vastra-2013 had generated a business of Rs.75 cr last year, and this year a target of Rs.150 to Rs.200 cr has been set.

Anil Sharma, General Manager (Business and Promotion), RIICO, said that there was an export of textiles (various kinds) to the tune of Rs 1200 cr, and the state government wanted to raise it to Rs 2500 cr in the coming years.

Vastra is emerging fast as a platform for textile industries all over the world and getting popular. The Ministry of Textiles is extending cooperation to VASTRA-2014.

The three day International Textile & Apparel Fair 2014' (VASTRA-2014) to start from October 29 to 31, 2014, at Jaipur Exhibition & Convention Centre, Sitapura Industrial Area, Jaipur.