Industry should work in hub and spoke model to enhance textiles manufacturing: Textiles Minister
Union Minister for Textiles, Shri Giriraj Singh inaugurated the 71st edition of the India International Garment Fair (IIGF)
Union Minister for Textiles, Shri Giriraj Singh inaugurated the 71st edition of the India International Garment Fair (IIGF) at Yashobhoomi Convention Centre today. Delivering his inaugural address, the Union Minister emphasized that the India International Garment Fair (IIGF) offers a unique marketing platform for micro, small, and medium exporters, showcasing India's latest trends and diverse offerings to the rest of the world. Shri Giriraj Singh further said that developing world class manufacturing facilities is a must for realising the Prime Minister’s vision of “Make in India “with “Zero Effect; Zero Defect” at each level of the value chain.
Shri Singh also called for
the adoption of the 'hub and spoke' model to enhance domestic manufacturing,
encouraged industry collaboration and underscored the importance of
establishing Indian brands. The ministry is also poised to revive the Scheme
for Integrated Textile Parks (SITP) to create internationally standardized
parks.
Shri Giriraj Singh stated
that, “Today, India is one of the fastest growing economies in the world with a
GDP growth rate of 7.2% and is expected to be 3rd largest economy by 2027-28.”
The convergence of a positive domestic outlook with a growth-oriented political
establishment has provided a conducive ecosystem for business in India. Several
measures have been taken by the Government of India to enhance the
infrastructure sector and ease of doing business, he added.
Further, the Minister stated
that, the Indian Apparel and textiles market is of the size of 165 billion USD
which has to touch 350 USD billion; a target, which has been fixed after
industry consent. I request you to take it to 50 billion USD by 2030. Prime
Minister made a roadmap to promote technical fiber and Geo textile, which is providing
huge options for growth.
“I have said that my
challenge is not Bangladesh. I would like to take ahead of China in time to
come. Bangladesh water and raw material charges are going high. Further Shri
Singh suggested that we will make small clusters for smaller players in India
to boost RMG exports”.
Textiles Minister Giriraj
Singh announces the expansion of the Rs 10,000 crore PLI scheme to the garment
sector to boost domestic manufacturing and exports. Addressing the India
International Garment Fair, Singh emphasizes revamping textile parks, and
promoting green textiles will be our focus.
Shri Sudhir Sekhri, Chairman
AEPC during his address underlined, “the global headwinds negatively affected
Indian apparel exports. But despite these adverse scenarios, the Indian apparel
export industry was able to hold its own and contain the damage to quite an
extent.
Shri Mithileshwar Thakur,
Secretary General said that there is a greater chance for Indian apparel
exporters to expand its footprint across developed countries in coming years.
The Indian apparel industry must encash this opportunity and start dreaming big
Knowledge sessions are also
being organised on the sidelines on the 25th and 26th June’2024 covering
various topics like Navigating Global Trade: Challenges and Opportunities for
the Industry, The Efficiency Advantage: Driving Manufacturing - Excellence in
Apparel and Sustainable Fashion: From Concept to Reality.
This fair being organised by
the Apparel Export Promotion Council (AEPC) through the International Garment
Fair Association (IGFA), in association with three major garment Associations
of India namely, Clothing Manufacturers Association of India (CMAI), Garment
Exporters & Manufactures Association (GEMA) & Garment Exporters
Association of Rajasthan (GEAR), is a testimony of the collective spirit,
team-work and synergies built by these associations to achieve greater goal.
More than 600 buyers from 50 countries participated in the event. 71st Edition
will also host two fashion shows each day, from 25th to 27th June’2024,
showcasing the best of the collections exhibited during the show.
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Sunil Kumar Tiwari
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