Webinar of Exclusive Investment Forum –Textile and Apparel Sector organized by Invest India, national investment promotion and facilitation agency of India under Ministry of Commerce and Industry.
Held to discuss on domestic manufacturers, state clusters, scopes of apparels, textile machinery, yarn, supply chain and man-made fibers (MMF).
Only five states were invited that include Assam, Gujarat, Maharashtra, Madhya Pradesh and they shared how to attract investors in their states.
Chairing the webinar, Union Minister for Textiles Smriti Irani welcomed all the investors and called upon them to invest in India as it has a vast market for textile, with abundant raw materials and investor-friendly policies.
Dipali Goenka, CEO, Welspun; Kulin Lalbhai, ED, Arvind Mills; Rajinder Gupta, Chairman, Trident Group; Ramesh Poddar, CMD, Siyaram Silk Mills Ltd; Dr. Sundararaman, Chairman, Indian Technical Textile Association (ITTA); Dr. A. Sakthivel, Chairman, Apparel Export Promotion Council (AEPC) and many other industry leaders were also invited to be a part of this two-hour long webinar.
As per the fourth All India Handloom Census, Assam has the highest number of looms and weavers in India. With 10.9 lakh weaver households and 10.19 lakh looms, the cottage industry provides huge employment opportunities to the people.
Chandra Mohan Patowary, Cabinet Minister of Transport, Industry & Commerce, Assam said, ‘Assam has a textile park and is soon contemplating to set up another mega textile park’.
Assam offers the advantage of seamless connectivity to East Asia. With the advancement of the Act East policy, Assam is now the Centre of South East Asia with access to 80 million people.
KT Rama Rao, IT and Industries Minister, Telangana claims that Telangana’s Textile Policy is the best in India and the State Government supports investors to serve them best.
He said “there were 60 lakh acres of cotton plantation in the State and the Southern India Mills Association had declared that the cotton quality of Telangana was the best not only in India but across the world.
An overview of the industrial policies and single-window clearance system under TSiPASSn was also specified. Also mentioned that industrial parks are coming up in the Textile sector in Telangana.
Smriti Irani assured investors that irrespective of whether investments made are small or big, Government will walk shoulder to shoulder in their ventures to facilitate their growth.