Union Minister for Textiles, Commerce and Industry Piyush Goyal has said that the Indian textile industry will regain its lost glory in the future and Tamil Nadu will be at the forefront of the sector.
The Minister said that the world was going through challenging times, US, Europe, all the developed nations were facing economic depression or recession. Even China had seen a fall in its economic activity. “In this situation, I am proud that our textile industry continues to hold firm, continues to do good work. The Manchester of India, Coimbatore, will be able to give back with interest post FTA with the UK.”
The Minister was talking to media in Coimbatore where he participated in many events. He unveiled the bust of first Finance Minister of independent India R.K. Shanmugham Chetty at the Southern India Mills’ Association (SIMA) complex.
He also presided over the seventh interactive meeting with the Textile Advisory Group (TAG) on Cotton to review the progress of initiatives for cotton value chain. The Minister also assessed the progress of project on traceability, certification and branding of Kasturi Cotton India and lauded that branding of premium Indian cotton will add great value to the entire cotton value chain.
He also informed that India will be hosting the 81st Plenary Meeting of the International Cotton Advisory Committee (ICAC) from 2nd to 5th December 2023 in Mumbai with the theme Cotton Value Chain- Local Innovations for Global Prosperity.
The event is expected to be attended by almost 400 delegates including 300 foreign delegates from 26 member countries.
It was highlighted that the project for development of cotton markers in order to promote DNA testing of cotton in the country will be initiated in collaboration with Council of Scientific and Industrial Research-National Botanical Research Institute (CSIR-NBRI).
Addressing the Asian Textile Conference organised by the Confederation of Indian Textile Industry (CITI) and SIMA 90 Years Celebration, the Minister said that India should become self-sufficient in the manufacture of textile machinery. India should also become a supplier of high-quality textile machinery.
A trade agreement with countries such as Switzerland, Norway, etc. would enable the manufacturers of machinery in India to collaborate with businesses in those countries and manufacture the machinery in India.
Minister for State, Darshana V Jardosh, Rachna Shah, Secretary, Textiles and top representatives of various textile association and export promotion councils were present during these events.
