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Related Keywords: ASSOCHAM Luxury Summit, design workshops, ecommerce companies, engage with artisans and weavers, handloom and handicraft products, Indian handloom sector, Memorandum of understanding signed, skilling weavers, upgrading looms

India sees a huge scope for promoting its handloom and handicraft products in the niche markets world over. Also the export of handicrafts continued to grow at the rate of 17 percent. As many global companies are willing to tie up with Indian weavers and artisans, the Union textiles ministry is looking to concentrate on new markets and opportunities for local handloom and handicraft sector.

Related Keywords: aims to rehabilitate Mulungushi Textiles, between Industrial Development Corporation (IDC), expertise in textile industry, factory plans to re-develop, good for Kabwe, Japanese company Marubeni, Kenya, Memorandum of understanding signed, open windows for variety of opportunities, out-grower schemes for cotton, sixth session TICAD in Nairobi

The signing of memorandum of understanding (MoU) between Industrial Development Corporation (IDC) and a Japanese company Marubeni with expertise in the textile industry at the just ended sixth session of the Tokyo International Conference on African Development (TICAD) in Nairobi, Kenya, aims to rehabilitate Mulungushi Textiles Limited is good for Kabwe and the province as a whole.

It is also expected that with the MoU in place, Zambia can buy equipment from Japan to revamp the plant.