Textiles minister Dayanidhi Maran is leading a high-level trade delegation to France and Germany from February 1 to 4 to attract foreign investment in the Indian textiles sector.
The comprehensive investment strategy simultaneously involves Mr Maran’s vision to convince large global textiles and clothing brands not only to sell in the Indian domestic market, but also set up manufacturing base for their global markets in India.
The Indian delegation includes AEPC chairman Premal Udani and secretary general Vimal Kirti Singh.
This is second leg of efforts of textiles ministry to drive investment in India. The government believes that sustained and consistent efforts are required to drive foreign direct investment to India, leading to greater integration of the Indian textile industry with the global textiles manufacturing system.
The deeper integration and creation of international levels of excellence and global positioning is likely to result in higher efficiencies and profitability. Such a strategy is critical to protect the Indian industry from competition form purely low-cost producers of the world such as Bangladesh, Vietnam and others.
|
|
|
|
