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Related Keywords: announced proposal, boost to textile sector in the state, Indian Textiles Minister, Investor’s summit, jointly set up a yarn depot, Smriti Irani, Uttar Pradesh government

Indian textiles minister Smriti Irani at the investor’s summit that concluded in state capital Lucknow on February 22, announced a proposal to jointly set up a yarn depot with the Uttar Pradesh (UP) government to give a further boost to the textile sector in the state, which garnered proposals worth Rs 7,000 crore.

The proposal to set up yarn depot in UP is through which weavers can directly purchase yarn at subsidised rates, as subsidies hardly reached weavers, a top Indian newspaper quoted the minister as telling the summit.

Related Keywords: explore global markets, fabrics, Indian Textiles Minister, Indo-Bangladesh Multi Sectorial Cooperation International Conference, jute, need to increase business cooperation, promote trade and investments, sectors like textiles, Smriti Irani

Indian Textiles Minister Smriti Irani speaking at the Indo-Bangladesh Multi Sectorial Cooperation International Conference emphasized on the need to increase business cooperation between the two countries, India and Bangladesh.

Both the countries can have business collaborate in sectors like textiles, jute and fabrics to promote trade and investments and to explore global markets.

Irani also talked about promoting textiles tourism and modernizing infrastructure at borders to promote border haats.