Wednesday, June 18, 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

Exports: Global investors to boost textile trade to $100bn by 2030

Fiinews by Fiinews
March 22, 2023
in Exports
Reading Time: 2 mins read
A A
0
Vardhman
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

PM MITRA will hasten decision making in favour of India, says FIEO Chief

India is on the radar of global investors looking for investment and expansion outside China, says FIEO Presidenty Dr A Sakthivel as he projected textile export soaring to US$100 billion by 2030.

With realignment of the global value chain and focus on friend-shoring, schemes like PM MITRA will hasten the process of decision making of such investors in favour of India, said Dr. Sakthivel as he welcomed announcement of textile parks.

The Government is setting up seven PM Mega Integrated Textile Region and Apparel (MITRA) Parks, in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.

The mega textile parks, proposed to be set up in the next three years, would have world class infrastructure with plug and play facilities to encourage investors to commence production within weeks.

“The modern industrial infrastructure facility for the entire value-chain of the textile industry will also significantly reduce the logistics costs and improve competitiveness of our textile exports with access to state of art technology,” FIEO Chief said on 17 Mar 2023.

India has a distinct advantage in the textile sector with abundance of natural fibres, skilled manpower and competitive wages.

“Besides, we are in the entire value chain of textile from fibre-yarn-fabrics-made ups and garments,” he highlighted.

“The PLI Scheme will soon address our concerns in the man-made segments as well.”

The PM MITRA mega textile parks will significantly boost the textile sector in line with the 5F (Farm to Fibre to Factory to Fashion to Foreign) vision, added Kulin Lalbhai, Chairman, CII National Committee on Textiles and Apparel.

“These parks will aid the Indian textile industry to leverage economies of scale, provide state- of- the art infrastructure, attract large investments and create lakhs of jobs,” he said. fiinews.com

Tags: FIEO
ShareTweetShare

Related Posts

Aieclogo
Exports

Export: FIEO expect stability in 2H’25

by Fiinews
June 17, 2025
0
11

May exports grew 2.8% led by services sector Exporters are adapting well to a tough global environment, says FIEO President...

PIB
Exports

Export: Cyprus-India bullish on IMEC

by Fiinews
June 17, 2025
0
14

Cyprus to work on EU-India strategic partnership Cyprus President Nikos Christodoulides and Prime Minister Narendra Modi have underscored the significance...

H V Agarwal Ficci

Export: FIEO lauds RBI repo rate decision

June 15, 2025
18
Confederation Of Swedish Enterprise Organization.

Export: Stockholm meetings focused on trade

June 14, 2025
15
Kasturi Cotton Logo

Export: Textile sector to create road map

June 13, 2025
13
Sihk Ccis Of Switzerland

Export: India-Swiss talks focused on economies

June 13, 2025
14
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

  • Market: KredX-SBI work on finance network
  • Market: ASISA expands Iberia business with HCLTech
  • Market: Schneider leverages on residential growth
  • Tender: Progress of ndustrial nodes assessed
  • Tender: Bharti plans $2bn Global Business District

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.