Home / Knowledge / News / Textiles / India to assist Sri Lanka in revival of sick textile mills
India to assist Sri Lanka in revival of sick textile mills
06
Aug '12
The Union Minister of Commerce, Industry and Textiles, Shri Anand Sharma met the Sri Lankan President Mr Mahinda Rajapaksa who invited him and a group of Indian CEOs for lunch in Colombo. Both leaders discussed the bilateral issues and the Indian Minister briefed the President about the progress made during the key events during his visit.

Earlier during an interaction with the mediapersons Shri Sharma said that India and Sri Lanka will cooperate for modernization and revival of closed mills in Sri Lanka and Indian textile players will establish some manufacturing units also. “Cooperation in Textiles sector is important from the perspective of both the countries as it is a major component of our economic partnership. A delegation of leading textiles industrialists will visit Sri Lanka in the first half of September” Said Shri Sharma.

India is committed to give a big boost to Sri Lanka exports as they will have the preferential access given the principle of asymmetry that has been offered without any expectation of reciprocity. ‘It will be special and differential treatment that will be given.

This is happening elsewhere also. This is how global production lines are created’ said the Minister. He also announced the Indian side of the composition of the Joint Task force. Apart from the official representative there will be representation from Automobile Component Manufacturing Association (ACMA), EEPC, Pharmaxil, CII and Texprocil will be the part of the Joint Task Force.

Referring to his meeting with the Foreign Minister of Sri Lanka Prof G L Peiris, Shri Sharma said that both the side had substantive discussion on a range of issue including rehabilitation and resettlement of those who were displaced during the conflict over the year in Sri Lanka. Shri Sharma said that Indian government will continue to support for building the infrastructure that is desired as a part of the process.

Replying to a query on the status of IKEA application the Minister said that there will be clarity in the guidelines and DIPP is working on the guidelines. Shri Sharma also said

“We have to remember that policy evolution is a continuous process. The policy has just been put in place and now we are learning about it. For example, the SME, once an Indian SME, are engaged with them, the definition of SME may require a change because if you are an SME, and if you have global majors taking from you…


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X