Home / Knowledge / News / Textiles / Indian firms can invest in UK textile sector: Vince Cable
Indian firms can invest in UK textile sector: Vince Cable
Dec '13
Indian companies can invest in the textile sector in the United Kingdom, Vince Cable, the visiting UK’s Secretary of State for Business, Innovation and Skills, told media persons after attending an event in Coimbatore.
Mr. Cable, who is on a 4-day visit to India, said the UK Government is encouraging the revival of the textile sector in the country, and Indian firms can also invest in the sector.
He said the UK Government is encouraging investment from other countries in the textile sector to boost domestic production, and is developing skills in areas like hosiery and textile processing.
He explained that the textile industry had virtually closed and there were hardly any mills that were operating in the UK, but that is changing now.
He informed that they are beginning to get high-quality wool weaving in Yorkshire and cotton and man-made fabric as well garment making in Lancashire.
Moreover, the UK Government is drafting a scheme for the revival of the textile industry, which would particularly address training and supply chain finance, Mr. Cable said.
Talking about India-UK bilateral trade, Mr. Cable said the trade volumes are likely to double by 2015 compared to 2010, growing at an annual rate of 15-20 percent.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Giorgio Mantovani
Corman S.p.A

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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