56TH IIGF Inaugurated by Textile Minister Textile Minister Hopeful of Double-Digit Export Growth

56TH IIGF Inaugurated by Textile Minister

Textile Minister Hopeful of Double-Digit Export Growth

Shri Santosh Kumar Gangwar, the Minister of State for Textiles (Independent Charge), Government of India, inaugurated the 56th India International Garment Fair, (IIGF) 2016 in presence of Smt Rashmi Verma, Secretary Textiles at Pragati Maidan, New Delhi today.

The Textile Minister, during the inaugural ceremony of 56th IIGF, highlighted the need to strengthen the Apparel Export Industry. He expressed his confidence of achieving a double-digit growth in the exports shortly. The Minister also informed that around Rs.18,000 crore have been allocated under the TUFS Scheme and the scheme would be notified within a week. The process of settling the old dues has already been started. Shri Gangwar said that given its employment and export intensity, apparel industry plays a significant role in countrys economy. Several new initiatives have been undertaken by Government to make development participative and inclusive.

Smt Rashmi Verma, Secretary Textiles, stated that technology issues and non-existence of FTA with European Union, US and Canada were the challenges in the way of apparel exports. She highlighted the need for bridging the gap in the value chain so that Indian exports comprise of apparels rather than cotton and yarns. Replying to another question relating to the new textile policy, the Secretary said that consultations are being held and she was hopeful that within a month the new policy would be placed before the Cabinet for approval.

Shri Ashok G Rajani, Chairman, Apparel Export Promotion Council (AEPC) informed about the encouraging response from different stakeholders towards the 56th IIGF. He said that around 807 foreign buyers and 720 buying agencies have confirmed regarding participation in the IIGF.