Union Minister of Textiles and Information & Broadcasting, Smriti Zubin Irani inaugurated the 7thedition of Home Expo India 2018 at India Expo Centre and Mart, Greater Noida on 16 April 2018. While inaugurating the Expo, Irani applauded the Export Promotion Council for Handicrafts (EPCH) for taking new initiatives for the promotion and development of handicrafts sector. She also complemented the EPCH for VRIKSH initiative for sustainable and environment-friendly products.
The Minister also visited the Academy of Convention, Trade Fair, Event Research & Management at India Expo Centre and Mart. This is the first institute in India to impart professional education in the spheres of trade fair and convention management.
The three-day Expo organised by EPCH, has 700 participants, representing a cross section of exhibitors drawn from manufacturing hubs across the country with special focus on the North East region.
News Update |18 May 2018| Investment in growing Technical Textile segment likely to attract Foreign companies- Anant Kumar Singh
Secretary, Ministry of Textiles, Anant Kumar Singh said that the current Indian Technical Textile sector has to develop a lot and this can be done only by more and more Indian and foreign companies investing in this sector.
Speaking at the TECHNOTEX 2018 – a Curtain Raiser programme organised by FICCI on the theme “Technical Textiles: Transforming India”, Singh said that India is one of the biggest producers of cotton products whereas, globally the demand for man-made fibre is on the rise. In order to reap the benefits, industries should focus more on man-made goods. “There are various initiatives that government has taken to liberalise the laws regarding investments which will help manufacturers to do business in India,” he added.
Singh further added that TECHNOTEX 2018, scheduled on 28-29 June 2018 in Mumbai, will prove to be a turning point in building confidence of Indian and foreign companies to invest in the technical textile sector in India. During the event, the Event Brochure of Technotex 2018 and BIS Standards on Protective gloves for firefighters and Protective clothing for firefighters was also released.
Kavita Gupta, Textile Commissioner, Ministry of Textiles highlighted that government has already allowed 100% FDI in the sector and this is an opportunity for foreign companies to invest in India. Varghese Joy, Scientist G & Deputy Director General, BIS said that the Bureau of Indian Standards (BIS) is continuously working on adopting international standards to provide a friendlier environment to the industry.