Europe India Centre for Business and Industry (EICBI) along with Morten Lokkegaard, Member of European Parliament, Denmark (Chair European Parliament Delegation for Relations with India) invited selected leaders of Europe and India Textile Industry to European Parliament, Brussels to deliberate on the pros and cons of an FTA between EU-India with regards to the Textile and Clothing Industry.
EU-India Leaders Conference 2023, a milestone event, also set the stage for an enhanced textile partnership between India and the EU, opening doors to remarkable opportunities and paving the way for a prosperous future.
Amit Lath, CEO of Sharda Group of Companies, Poland Pratik Gadia, CEO Yarn Bazaar, Sanjay K Jain, Chairman of the ICC Textile Committee/CMAI North Region and MD,TT Limited; Lalit Shyaam Tekchandani, Co-founder of Buffering.in; and Bhadresh Dodhia, Chairman of the Synthetic & Rayon Textiles Export Promotion Council and Director Dodhia Group were part of this delegation.
The utmost significance of fostering a strong and collaborative partnership between these regions was highlighted, not only to revolutionise the global textile market but also to drive transformation across various sectors.
Key discussions addressed challenges faced by European companies in the Indian market and roadmap to achieve a win-win scenario in the FTA negotiation and had a strong advocacy from EU and India industry leaders for implementing zero-duty policy within proposed EU-India FTA specifically for textiles
Issues like market access privileges, addressing non-tariff barriers, policy alignment were also discussed.
“India and EU have complementing strengths in the textile Industry, that can turn into a global winner if an FTA is done between them. EU technology, design, brands and technical strengths, if leveraged by India, can lead to a win-win situation for both sides,” said Sanjay Jain.
