Home / Knowledge / News / Apparel/Garments / 'Textile sector needs priority in India-EAEU FTA'
'Textile sector needs priority in India-EAEU FTA'
12
Feb '16
With the Trans Pacific Partnership (TPP) likely to hit a range of Indian exports, the Indian Texpreneurs Federation (ITF) has appealed to Commerce Minister Nirmala Sitharama to give top priority to textile sector in the on-going study for a Free Trade Agreement with the Eurassian Economic Union (EAEU).

The ITF's appeal has come on the heels of the government finalising first draft of the Joint Study Group (JSG) report on the feasibility of India-EAEU FTA.

In a letter to Sitharaman, ITF Secretary, Prabhu Dhamodaran said that there were tremendous opportunities for the Indian textile sector to exploit in the Eurassian region.

He stressed that the Indian textile industry must expand to untapped markets to overcome the challenges raised by the Trans Pacific Partnership (TPP). He said ITF had already submitted the basic information regarding the scope for export of Indian textile products to Russia, the main country in EAEU or Eurassian Economic Union.

The ITF Secretary pointed out that while Russia had imported textile and apparel items worth $13.5 billion, of which apparel items accounted for $7.5 billion in the 2014 fiscal, India's share was just $248 million of this huge Russian market. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search