Home / Knowledge / News / Textiles / Dayanidhi Maran leads trade delegation to Europe
Dayanidhi Maran leads trade delegation to Europe
21
Oct '09
Thiru. Dayanidhi Maran, Minister of Textiles will be leading a high level trade delegation to Switzerland, Italy and Turkey from October 26, 2009 to November 03, 2009, to attract foreign investment in the Indian Textiles Sector. The areas identified are, establishment of Green Field Units in textiles machinery, fabric manufacturing, garmenting, manmade fibre and yarn, and bringing investments in technical textiles and clothing brands to Indian domestic market.

Recognizing the importance of foreign investment in textiles sector, the Ministry of Textiles had earlier commissioned a survey to identify countries with potential for investment in India. This study had identified companies in Germany, Switzerland with expertise and potential for investing in Textiles machinery and high-end fabric, and Turkey, Italy and France with potential for investing in garmenting and apparels.

These efforts to attract investment in textiles sector reflect the philosophy of the Thiru Dayanidhi Maran. India has strong domestic market which helped it to survive the world recession. Hence, 'Come to India, Manufacture in India, Sell in India and Make Money in India'. It is the same philosophy that the Minister had applied in the Telecom Sector with magnificent results. In order to achieve the desired objectives, it is for the very first time that the Government and the Industry have synergized their efforts to attract investment in textiles sector. This is reflected in the composition of the delegation, which comprises various captains of the textiles industry.

As a part of Phase -1 of the Road Shows, in Zurich, Switzerland, the trade delegation will have interaction with major textiles machinery manufacturers like M/s Beninger (Processing), M/s Rieter {(Spinning) (turnover US$3 billion)}}, M/s Jacob Muller {(Warping and weaving machine (turnover US$ 220 million)}, and high end fabric manufactures viz., M/s Weisbrod-Zuerrer Ltd.

In Milan, Italy, the delegation will interact with CEO of M/s Miroglio {(Yarn, fabrics and garments) (turnover US$1.13 billion)}, M/s Marzotto {(High end woolen fabric and suiting) (turnover US$1 billion)}, M/s Gruppo Coin {(Apparel and retail)(turnover US$1.1 billion)}, M/s Vincenzo Zucchi {(Home textiles)(turnover US$245 million)}, M/s Radici Group {(Fibre) (turnover US$1.7 billion)}, M/s Sinterama {(Yarn) turnover US$130 million)}, M/s Zegna {(High-end menswear and sportswear)(turnover US$ 1.3 billion)}.

In Istanbul, Turkey, the delegation will interact with representative of M/s Bilsar (Designing & Production of Shirts) and M/s Yunsa Yunlu san. Tic. A.S {(Woollen and worsted menswear fabric, woolen and cotton fabrics for women wear, home and office furniture fabric and corporate wear (turnover US$137 million)}.

In the Phase-2, the trade delegation will visit Frankfurt,Germany and Paris, France from November 23-26, 2009 with a view to attract investment in technical textiles. It may be recalled that the Government has allowed 100% FDI in textiles sector.India


Must ReadView All

Courtesy: American & Efird

Textiles | On 20th May 2018

A&E introduces Repel

American & Efird (A&E), a global leader in industrial sewing thread...

Archroma working with House of Denim Foundation

Textiles | On 20th May 2018

Archroma working with House of Denim Foundation

Archroma, a leader in colour and specialty chemicals, has joined...

Courtesy: Amazon

Textiles | On 20th May 2018

Amazon opening first fulfillment centre in Tucson

Amazon.com is opening its first fulfillment centre in Tucson, which...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Victor Chao
Esmetex

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

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

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

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search