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India & Taiwan sign agreement to enhance textile sector

17
Jul '09
To cooperate in the field of textile related technology and promotion of the industry, an agreement has been signed between India's leading garment export body 'Apparel Export Promotion Council' (AEPC) and the organization of textiles producers and machinery manufacturers 'Taiwan Textile Federation' (TTF).

These two organizations will work collectively, in order to identify investors for setting up man-made and special fabric manufacturing units. AEPC and TTF would also work on facilitating Taiwan textile industry to set up joint ventures in India for eco-friendly and specialty apparel.

To increase India's garment exports the industry needs to produce cotton blended as well as man-made fabric products. AEPC's agreement with the TTF would prove to be helpful for country's textile and garment exports. Taiwan will be selling techniques, know-how, machineries and equipments to India, rather than selling garments.

Fibre2fashion News Desk - India


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