Interviews
Textiles & apparel market ripe for FDI: Textiles Minister
19 Nov '09
4 min read
He said that if Indian exports have to competitive there is a urgent need to cut transaction costs and his Ministry has formed a Committee to look into whole gamut of levis and taxes affecting the exports from ex-factory to the post. He also informed that Department of Industrial Policy and Promotion (DIPP) is consolidating all the Press Notes which had been issued to facilitate exports and foreign direct investment. He said Indian textiles are highly decentralized have a great potential for a job creation and investment. The investment is also needed to upgrade the technology in the industry. He exhorted the foreign investors to have a re-look at the Indian handlooms which offer a variety of fabrics, designs and are environmentally sustainable.
Also present on the occasion was Mr. Vassilis Masselos,President, International Apparel Federation (IAF). The convention is being jointly organized by International Apparel Federation (IAF), Netherland and Clothing Manufacturers Association of India (CMAI), Mumbai.
Also present on the occasion was Mr. Vassilis Masselos,President, International Apparel Federation (IAF). The convention is being jointly organized by International Apparel Federation (IAF), Netherland and Clothing Manufacturers Association of India (CMAI), Mumbai.
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