Saturday, May 24, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Exports

Nagasaka sees a substantial development in India-Japan trade

Fiinews by Fiinews
January 28, 2021
in Exports, Manufacturing, Technology
Reading Time: 3 mins read
A A
0
Nissenken
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Japanese hand-holding of India textile-apparel industry

The Japanese State Minister of Economy, Trade and Industry Yasumasa Nagasaka sees a substantial development in the India-Japan trade relationship, taking it forward from the 2011-signed Comprehensive Economic Partnership Agreement (CEPA) with an immediate focus on textiles and apparels (T&A).

He pointed out that CEPA imposes zero duty on the Japanese imports of Indian garment and highlighted the scope of increasing T&A imports from India which is the sixth largest T&A exporter. “There is a huge untapped potential for T&A trade which remains unharnessed,” added Nagasaka.

It is in this backdrop that a high level delegation from the Textile Ministry was mounted in February 2019 with a view to enhance exports and cooperation in textile sector and to identify areas for optimizing the benefit of CEPA. As an outcome of these developments, India’s Textiles Committee entered into negotiation with Nissenken Quality Evaluation Centre of Japan for providing valuable services to the textile trade and industries of both the countries through collaborative efforts between the two organisations.

Following the negotiation, Nissenken has signed a Memorandum of Understanding (MoU) with the Indian Textile Ministry, which would boost the Technical Textiles sector as well and improve sourcing from India. The MoU was signed by Textile Minister Smriti Zubin Irani and Nagasaka on 27 Jan 2021.

The MoU is to provide required support to textile’s trade and industry for ensuring quality as per the requirement of Japanese buyers through Testing, Inspection & Conformity Assessment, Training & Capacity Building, Research & Development (R&D) and Consultancy.

The MoU will strengthen the bilateral trade by enhancing India’s T&A export to Japan which is the third largest export destination of the world.

Both the institutions have agreed under the MoU to share and exchange relevant technical information and documentation on a regular basis and carry out activities relating to standards, quality assurance norms, joint research projects on testing, development of user friendly tools for dissemination of data to the industry and facilitate sourcing across the Textiles Value Chain (TVC) from both the countries.

Minister Smriti Irani noted the challenge relating to stringent quality standards for exports to Japan. She expressed confidence that the MoU will help in creating awareness on the various quality parameters being sought by the Japanese and extending hand-holding support to the Indian exporters to adopt and upgrade their technology so as to enhance the quality of products and satisfy the stipulations as required by the Japanese market.

Nissenken Quality Evaluation Centre is one of the leading Testing and Inspection organizations in Japan established in 1948 and providing world-class facilities and rendering valuable services to the textiles trade and industry in Japan and seven other countries including China, Indonesia, Myanmar, Vietnam, Bangladesh, Cambodia and India.

The Textiles Committee was established in the year 1963 by an Act of Parliament and is a statutory body under the Ministry of Textiles with a mandate, inter alia, to ensure quality of all textiles and textile products for domestic and export markets.

The Textiles Committee is the only body providing for all the quality related needs of the entire Textiles Value Chain (TVC) in an integrated format on a pan-India basis through its network of 28 offices across the country including 19 state of art laboratories accredited under relevant national and International standards. #manufacturing #exports #textile #investment #technology /fiinews.com

Tags: Ministry of TextileNissenken Quality Evaluation Centre
ShareTweetShare

Related Posts

PIB
Exports

Export: NER ideal for cross-border power trade

by Fiinews
May 24, 2025
0
13

North East possesses 129+ GW potential hydro projects The North East Region (NER) is ideal hub for cross-border electricity trade...

PIB
Exports

Export: PM sees $200bn trade volume with ASEAN

by Fiinews
May 24, 2025
0
15

Govt to expedite Kaladan Multimodal Transit Project India’s trade volume with ASEAN currently stands at approximately US$125 billion and is...

PIB

Export: India seeks mutual support among BRICS

May 24, 2025
14
Firstsource Logo

Tech: Firstsource-Sanas work on AI for customers

May 24, 2025
17
RenewsSys

Manufacturing: RenewSys adds 8 lines at Khopoli

May 23, 2025
17
Refroid Logo

Tech: Refroid launches SentraFlow Series

May 23, 2025
16
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Export: NER ideal for cross-border power trade
  • Tender: Minister wants proposals for GEC-III
  • Tender: Bangalore Metro P-2 cost being examined
  • Export: PM sees $200bn trade volume with ASEAN
  • Export: India seeks mutual support among BRICS

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.