Minister underscores importance of establishing Indian brands
Textiles Minister Giriraj Singh has announced the expansion of the Rs.10,000 crore PLI scheme to the garment sector to boost domestic manufacturing and exports http://ministryoftextiles.gov.in .
Addressing the India International Garment Fair https://www.mea.gov.in/ , Singh emphasized “Revamping textile parks, and promoting green textiles will be our focus https://www.makeinindia.com/home/ .”
Addressing the 71st edition of the India International Garment Fair (IIGF) at Yashobhoomi Convention Centre, Delhi, on 25 June, he said that the IIGF offers a unique marketing platform for micro, small, and medium exporters, showcasing India’s latest trends and diverse offerings to the rest of the world https://www.nseindia.com/ .
Singh further said that developing world class manufacturing facilities is a must for realising the Prime Minister’s vision of “Make in India “with “Zero Effect; Zero Defect” at each level of the value chain https://www.bseindia.com/ .
Singh also called for the adoption of the ‘hub and spoke’ model to enhance domestic manufacturing, encouraged industry collaboration and underscored the importance of establishing Indian brands. The ministry is also poised to revive the Scheme for Integrated Textile Parks (SITP) to create internationally standardized parks https://fieo.org/ .
Highlighting the potential of Indian economy, Singh underlined, “The convergence of a positive domestic outlook with a growth-oriented political establishment has provided a conducive ecosystem for business in India https://www.exportersindia.com/ .
“Several measures have been taken by the Government of India to enhance the infrastructure sector and ease of doing business https://www.cii.in/ ,” he added.
The Minister elaborated, “The Indian Apparel and textiles market is of the size of US$165 billion which has to touch US$350 billion; a target, which has been fixed after industry consent https://ficci.in/api/home .”
“I have said that my challenge is not Bangladesh. I would like to take ahead of China in time to come. Bangladesh water and raw material charges are going high https://www.phdcci.in/ .”
Sudhir Sekhri, Chairman AEPC during his address underlined, “The global headwinds negatively affected Indian apparel exports. But despite these adverse scenarios, the Indian apparel export industry was able to hold its own and contain the damage to quite an extent https://commerce.gov.in/ .”
More than 600 buyers from 50 countries participated in the event. Fiinews.com
