Union Textiles Minister Smriti Irani on Friday affirmed that India would become 'completely self-sufficient' in silk in the next two years.
She said that in the production of silk, India is second after China.
Irani was addressing a programme organised by business chamber FICCI.
She also said that technical textiles is the future of textiles and that she was keen on taking it forward.
Mr. Jaipuria expressed that garment and carpet industry was under immense pressure after implementation of GST. After GST, substantial drop in import duty was observed which has encouraged cheaper imports. It is also worth noting that total imports of textiles and garments increased in 2017-18 (USD 7 billion) by 16% in comparison to 2016-17 (USD 6 billion).
The third edition of ‘National conclave on standards on technical textiles’ organised jointly by the Ministry of Textiles, Bureau of India Standards (BIS) and FICCI was inaugurated by the Textile Secretary Anant Kumar Singh on Thursday.
The conclave, since its inception, has been instrumental in bringing together institutional buyers in various segments along with industry to discuss the standards that needed to be formulated by BIS on priority.
Mumbai is all set to host the fifth edition of Technotex 2016, India’s premier show on technical textiles, organized by the Government of India, in association with Federation of Indian Chambers of Commerce & Industry (FICCI) will be held in Mumbai in April 2016 with the objective to make India a manufacturing hub in the area of Technical Textiles, under the “Make in India” initiative of Government of India.
VASTRA 2015, India's single International Textile and Apparel Fair for all types of Apparel and Textiles Industry, to showcase a fusion of the finest and the latest in textile products from fibre to fashion, services and technology. The event is crafted to create business opportunities, aiming at revitalizing existing business ties and forging of new business relations.
Following the grand success of the VASTRA 2014 where business worth $85 million was generated, VASTRA - 2015 is all set to blaze a new precedent. Rajasthan State Industrial Development and Investment Corporation Ltd.(RIICO) in collaboration with FICCI and support of Union Ministry of Textiles to organize the fourth edition of international textile and apparel fair 'VASTRA'.
Dr. A Didar Singh, Secretary General of the apex industry body Federation of Indian Chambers of Commerce and Industry (FICCI) wrote a letter to Textiles Minister Santosh Gangwar regarding the procurement of cotton by Cotton Corporation of India (CCI) and the persisting cotton crisis.
In the first 100 days of the new government in Maharashtra led by the 44-year old chief minister Devendra Fadnavis, there has been no discernible change in the industrial sector in the state meeting the eye. But behind the curtains, a lot of ground works, preparatory works, studies, interactions with various stakeholders and systems understanding has been accomplished.
K Ratnaprabha, additional chief secretary, government of Karnataka speaking at the road show for Technotex 2015, an annual conference on technical textiles organized by the ministry of textiles and FICCI, here on Tuesday, said that the government wants industries to move away from the congested Bengaluru region. The government was ready to offer incentives to industries willing to move out of Bengaluru.
India sees huge potential for the technical textile sector as sector is expected to grow at 20 percent per annum during the next two years, said Union Minister for Textiles Santosh Kumar Gangwar.
Government recognizing the importance of technical textiles in the national economy as well as the potential for increasing production and exports in the sector will be organizing the fourth edition of TECHNOTEX. FICCI in collaboration with the Ministry of Textile, will be holding the event in Mumbai next year from 9 to 11 April.
