Home / Knowledge / News / Textiles / Indian govt plans roadshows to promote textile exports
Indian govt plans roadshows to promote textile exports
24
Oct '16
The Indian government has planned to conduct roadshows to boost the country's textile exports in various non-traditional markets such as South America, Russia and some countries in West Asia. Indian textile shipments have been declining and fell to $40 billion in 2015-16 from $41.4 billion in the previous year due to competition from other Asian nations.

Competition from countries like Vietnam and Bangladesh has affected India's apparel exports. However, China is gradually losing ground in various regions due to a rise in labour costs. Thus, there is a scope for India to export textiles and apparel to markets like Russia that currently depend on China to fulfil their textile needs.

“We are eyeing non traditional markets like Russia, South America and some countries in West Asia, which are relatively free from turmoil like Saudi Arabia, Kuwait, Qatar and the United Arab Emirates. We will hold roadshows to showcase Indian textiles in these markets,” a senior official told a news agency.

The roadshows are expected to attract foreign direct investment and create jobs in India. The secretary general of the Confederation of Indian Textile Industry said that according to a World Bank report on apparel sector, international buyers are looking at economies, which have the entire value chain and India is the only politically stable economy apart from China, which can offer that. He believes that roadshows will provide an opportunity to capitalise on India's potential in the sector.

Earlier this year, the Indian government approved a special package of Rs 6,000 crore for textiles and apparel sector to attract investments of $11 billion, create 1 crore new jobs in three years and generate $30 billion in exports. A new National Textiles policy is also in the works, which aims to achieve $300 billion exports by 2024-25 and create 35 million jobs. (KD)

Fibre2Fashion News Desk – India


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search