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It assigned a score of 45 based on the attributes assessed under our Government-Related Entities (GRE) Rating Criteria, leading to equalisation of IIGF's rating with the Indonesian sovereign (BBB/Stable/F2) irrespective of the level of IIGF's standalone profile.
Ashok G Rajani, Chairman, Apparel Export Promotion Council ( AEPC), said that there's has been an encouraging response from different stakeholders towards the 56th IIGF. He said that around 807 foreign buyers and 720 buying agencies have confirmed their participation in the IIGF.
Sinthya Roesly, Chief Executive Officer of IIGF signed the MOU.
IIGF has committed to invest a total of US$9.0m in the company in two tranches.
The DIT, in turn, wants to fashion the IIGF along the global IGF which operates under the aegis of the United Nations (UN).
The IIGF is being organised by the International Garment Fair Association (IGFA), the Apparel Export Promotion Council (AEPC), the Garment Exporters Association (GEA), the Clothing Manufacturers Association of India (CMAI), the Apparel Exporters and Manufacturers Association (AEMA) and the Apparel and Handloom Exporters Association (AHEA).
'Very Strong' Status, Ownership, Control: Fitch has factored in IIGF's wholly owned status as well as the Indonesian Ministry of Finance's (MOF) control over the company's board of commissioners and directors and approval of IIGF's annual budget.
"We should quickly respond to new trends to beat competition from Vietnam, Bangladesh and Sri Lanka." The minister was talking to reporters at the fourth and final day of 42nd IIGF after visiting the exhibition hall, fashion streets and theme-based display areas.
Gurgaon(Haryana) Jan 20 (ANI/Business Wire India): Leading apparel manufacturers and exporters gathered here today as the four-day 42nd India International Garment Fair (IIGF) opened with a dazzling collection for autumn and winter seasons of 2009-10.
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