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Indian pavilion at Japan International Fashion Fair Tokyo:
Union Textiles Minister Dayanidhi Maran today inaugurated the Indian Pavilion
at Japan International Fashion Fair (JIFF) known as " Mega Apparel & Textiles
Show" at Tokyo. 44 Indian textiles and clothing exporters belonging to Delhi,
Noida, Jaipur, Mumbai, Kolkatta, Bangalore, Tirupura, Varanasi, Mohali and Ludhiana
are displaying their products through 50 stalls in the three day fair. The Apparel
Export Promotion Council (AEPC) along with the Synthetic and Rayon Textiles Promotion
Council (SRTEPC) and the Cotton Textiles Export Promotion Council (TEXPROCIL)
are participating in the Fair. With a view to diversify the textiles and clothing
exports and reduce dependence on USA and EU 27, the Government is promoting exports
to South East Asia under its ''Look East Policy''. An important component of this
policy is to attract of Foreign Direct Investment (FDI). Japan is one of the biggest
consumers of textiles and clothing, but India has very negligible market share
of 1.12 per cent in Japanese import basket. The Indian Government is conscious
of the fact that textiles industry needs modernization and there is huge scope
for Japanese investment to upgrade spinning, weaving, processing and garmenting
facilities. The Government is making serious efforts to attract investment in
this important segment of national economy. This interaction is part of series
of interactions, which Maran has conceptualized as part of Government efforts
to modernize Indian textiles industry and explore new markets for Indian textiles
and clothing exports. -July
22, 2009 |
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