Prakash Prahladka, the chairman of the Export Promotion Council for Handicrafts in India, said there are plans to increase the volume of business in the fashion industries between Nigeria and India to about $300 million in the next two years.
Prahladka, who stated this on the sidelines at the Nigeria Interior and Gift (IGF) Fashion Expo 2018 organised by Clarion Events West Africa in Lagos, expressed optimism in the Nigerian fashion industry due to its huge size and potential.
He said “we have in our association, more than 10,000 members and more than seven million artisans working and producing lifestyle products for home furniture, house ware and fashion. We have come here to explore the West African and Nigerian market”.
Prahladka revealed that “we are doing a business of about $110 million in West Africa and out of that, we are doing $60 million business with the Nigerian importers and in the next two years, we want to raise it to about $300 million. This is the reason why we are here and also to meet people to see what more can be done in a bid to support our Africa trade mission”.
Bunmi Aliyu, the IGF Fashion Expo event manager said the expo was organised to find global brands and exciting new talent as well as product selections.
She said “from fresh new ranges of favourite brands to exiting new products from brand new faces, this is the place to inspire and to realise your unique vision for 2018 and beyond. Expect stunning new design discoveries in the pavilion this extraordinary talent showcase introduces for the very first time”.