Home / Knowledge / News / Textiles / India, US to facilitate exchanges on technical textiles
India, US to facilitate exchanges on technical textiles
23
Sep '15
Photo of joint press conference/Courtesy: US Department of State
Photo of joint press conference/Courtesy: US Department of State
India and the US have agreed to facilitate exchanges on technical textiles between centres of excellence in India and US universities, a joint statement issued at the end of first-ever India-US Strategic and Commercial Dialogue (S&CD) said.
 
Addressing a joint press conference, India’s commerce and industry minister Nirmala Sitharaman said, “A small beginning has also been made on technical textiles, where the United States has agreed to facilitate exchanges between India’s Centre of Excellence and US universities. We also agreed on collaborating on standards in these areas.”
 
India and the US will encourage industry to participate in trade exhibitions focused on technical textiles in their respective countries. Further, both sides agreed to consider collaborating on standards in this area, and to address concerns regarding barriers to technical textile exports in the relevant work stream, the joint statement said.
 
Emphasizing the importance of building commercial ties to drive the India-US partnership forward, both countries applauded the focus on innovation and entrepreneurship as an area for cooperation. They agreed to facilitate an innovation forum in 2016—a platform for US and Indian entrepreneurs to share best practices in promoting a culture of innovation and the creation of sister innovation hubs.
 
In addition, both sides launched a joint work stream on Ease of Doing Business. They agreed to continue exchanges of information and best practices on cross-border trade, and to continue commercial law-related initiatives on issues like insolvency and contract enforcement, and transparency.
 
At S&CD, both sides agreed on a private sector-led collaboration between the Confederation of Indian Industry (CII) and the American National Standards Institute (ANSI) to maintain and update a portal containing standards information for the use of industry, including small- and medium-sized enterprises. 
 
Explaining how the US looks at its bilateral commercial ties with India, commerce secretary Penny Pritzker said, “Despite being the fastest growing major economy in the world, India is only America’s 11th largest trading partner and 18th largest export market. Today, given the global headwinds in the global economy, neither of us can afford this underperformance any longer. As President Obama has said, we must make it easier for Indian and American companies to buy from each other, to invest in each other, and to create with each other. Now is the time to address the impediments to growth faced by our businesses and economies, and we will only succeed if we work together.” (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

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

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