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Global opportunities for small enterprises

Global opportunities for small enterprises

The next 20 years are expected to be a crucial period for the growth of India's textile industry.

KumudamBizNews REGION 2 நிமிட வாசிப்பு
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The Union Ministry of Textiles has proposed setting up Indian Textile Experience Centres in four major international cities - Milan in Italy, Paris in France, London in the United Kingdom and New York in the United States - with the objective of increasing India's textile exports to $40 billion by 2030.

Apparel Export Promotion Council (AEPC) Chairman Dr. A. Sakthivel has been pursuing several long-term initiatives to take India's textile exports to the next level. He has also been consistently submitting recommendations to the Union Ministries of Textiles and Commerce to support the growth of MSME exporters.

The next 20 years are expected to be a crucial period for the growth of India's textile industry. Free trade agreements with 38 countries and emerging international trade opportunities are expected to open up new markets for Indian exporters. In this context, the establishment of Indian Textile Experience Centres overseas is expected to provide significant support to exporters seeking to expand their international business.

The Tiruppur Exporters' Association has welcomed the Union government's initiative.

In a statement, association president K.M. Subramanian said such initiatives would help create a level playing field for India's MSME exporters in international markets and play an important role in positioning the country's textile industry as a leading global export sector. The projects would provide fresh momentum to the growth of the textile industry and the progress of exporters, he added.

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