Develop a culture of innovation, diversify products and tap newer markets for textile industry: Vice President
Author: Desk January 7, 2019
The Vice President of India, Shri M. Venkaiah Naidu has called upon the textile industry to develop a culture of innovation, diversify products and tap newer markets for increasing India’s exports share in the global market. He was addressing the outreach event on ‘Accomplishments and Way Forward for Textile Sector’ and presented Threads of Excellence Awards, here today. The Union Minister for Textiles, Smt. Smriti Irani, the Minister of State for Textiles, Shri Ajay Tamta and other dignitaries were present on the occasion.
The Vice President said that he understands that India’s export performance has been not up to expectations for a variety of reasons. He further said that it cannot be business as usual and the industry has to rise to the occasion and ensure that the share of India’s exports
Pointing out that India enjoys a unique advantage of having abundant raw materials and
Observing that this was the ideal time for the industry to discard outdated technology and modernize its machinery to be globally competitive, Shri Naidu said the availability of raw materials, low cost
The Vice President said that quality has to be the mainstay for India to sustain exports in the global market in the face of stiff competition from Bangladesh and Vietnam.
Referring to various measures taken by the government like allowing 100
The Vice President presented the Threads of Excellence Awards to various organizations and individuals who have shown their excellence in the textile industry