Darshana Vikram Jardosh, Indian Minister of State for Textiles and Railways has said the 5 F’s mantra that is Farms to Fibre to Fabric to Fashion to Foreign export will create a golden opportunity for the textiles industry.
She was speaking at the 14th edition of Texcon, 2022 organized in New Delhi by the Confederation of Indian Industry (CII) on “Capitalizing the Emerging Opportunities to Create a Competitive Textiles & Apparel Sector”. The minister highlighted the importance of R & D and strengthening the entire value chain to achieve the export target.
Technical textiles is one of the key emerging industries having far-reaching applications across geotextiles, medical textiles, agro textiles, and sports textiles. “We must leverage opportunities in Technical textiles to ensure that India leads the global market in the segment”, said the minister.
Gautam Nair, Managing Director, Matrix Clothing Pvt Ltd while seeking government support on the proposed FTAs with the UK and EU said that India has the potential to become the natural successor to China if the industry can achieve the required scale.
Rachna Shah, Secretary, Ministry of Textiles said the PLI scheme in the sector is helping to create big global players in a shorter time and is expected to generate investment to the tune of Rs. 20000 crores. The MITRA scheme providing complete value chain support for textile parks will further help enhance industry competitiveness by reducing logistics costs, increasing scale, and generating employment.
