Textile MoUs

Gujarat based textile sector has signed Rs.8,835 crore worth of #Memorandum of Understanding (MoUs) for developing the industry through projects such as textile parks, textile processing, machinery, carpet development.

The investment commitment through MoUs is supported by #Union Textiles Minister #Smriti Zubin Irani

She has assured the development of the textile value chain of Gujarat and to explore possibilities in technical textiles and research.

Following the MoUs was signed on Jan 12, 2017 as part of the #Vibrant Gujarat Global Summit.

“Given the entrepreneurial spirit of Gujaratis and the investment inflow, the textile story of Gujarat has just begun,” said Irani after witnessing signing of the MoUs.

Gujarat produces 29 per cent of India’s cotton production. Gujarat is a one-point sourcing hub for all kinds of textiles.

The Minister highlighted the potential of textile education and skill development programmes in the state. fii-news.com