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Issue dated - 26th June. 2003

Home > Fabrics & Garments > Full Story

Hussain aims at increasing India’s apparel export share to 5%

E-Tex Staff - Mumbai

The new Union textiles minister, Mr Shahanawaz Hussain, has asked apparel exporters to draw up an action plan, which would help them to face the challenges post-2004.

Speaking at a felicitation programmed hosted by the Confederation of Indian Apparel Exporters (CIAE) in Mumbai, recently, the minister said that he realised the challenges he must face as the textiles minister. He said he planned to have detailed meetings with each sector of the industry, including apparel sector, and would try and understand their problems and seek their views before making new policy announcements.

Mr Hussain said that he wanted to increase the world share of the Indian apparel industry from 2.5 per cent, to at least five per cent in the near future. He has also consented to inaugurate the Indian Apparel Contract, being organised by the CIAE, in collaboration with CIDEX, a joint venture between the German exhibition giants Messe Dusseldorf and Koln Messe. Speaking on the occasion, Mr Amit Goyal, president, CIAE, said, “India today is increasingly being looked upto as a major supplier of quality fashion apparels and Indian apparels are now being well appreciated by most of the international brands, which is evident from the fact that all major brands or stores like GAP, Wal-Mart, J C Penny, etc have now opened their own offices here for sourcing quality apparels.”

 


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Machinery uptrend
After textile counters, now textile machinery counters are in the limelight. Stocks of major machinery companies have firmed up significantly in the past few weeks.


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