New Delhi: Apparel Export Promotion Council (AEPC), an institution working under the Union Textiles Ministry, recently organized a road show in London. This road show was one of the biggest road shows in the overseas series. It was attended by over 100 attendees from many of the fashion industry’s biggest brands, retail chains and research bodies including textile associations.
Shubhra, Trade Advisor, Ministry of Textiles, Government of India also participated in this programme. Other important delegates who participated in the roadshow included Sudhir Sekhri, Chairman, AEPC, Premal Udani, Chairman, Export Promotion Committee, AEPC, and Roger Gilmartin, Senior Associate, Gherji Consulting.
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India’s rapidly growing textile industry
MOT’s business advisor Shubhra said that India’s textile industry is developing rapidly. The biggest reason for this is the strong initiatives of the government and innovations taking place in the private sector. He said key programs like the Production Linked Incentive (PLI) scheme and PM Mitra Park are laying the foundation for a globally competitive sector. shubhra said that this initiative is providing better opportunities for global investors in India’s textile industry.
UK critically important allies
In her address, Shubhra described UK as an important partner in the textile industry. He said India considers the UK an important ally in pursuing enduring advancement,promoting innovation and improving market access. He said that both the countries can do better things together in this industry. Both countries will benefit from this.
Why is UK so critically important?
AEPC Chairman Sudhir Sekhri said that the UK is a global fashion hub. It is indeed the sixth largest importer of apparel. The total import value of UK last year i.e. in 2023 was $ 20.27 billion. He said India has long been a reliable partner of the UK with it’s strong textile and apparel sector. Last year alone (2023), India’s exports to the UK reached $1.2 billion. This resulted in a 6.14% share of the UK textile and apparel market.
What are the key government initiatives supporting the Indian textile industry?
Interview with Shubhra,Trade Advisor,Ministry of Textiles,Government of India
Editor,Time.news: Good morning, Shubhra. Thank you for joining us today to discuss the recent road show in London organized by the Apparel Export Promotion Council (AEPC). This event seems to have marked a significant moment in India’s textile sector. Can you start by giving us an overview of the road show and it’s objectives?
Shubhra: Good morning! thank you for having me. The road show in London was indeed one of our largest initiatives aimed at enhancing India’s presence in the global textile market. Attended by over 100 representatives from top fashion brands, retail chains, and research bodies, our primary objective was to showcase the strengths of India’s textile industry and attract global investors. We aimed to highlight our government’s strong initiatives like the Production Linked Incentive (PLI) scheme and PM Mitra Park that are basic in fostering a globally competitive environment.
editor: It’s notable to see such a large turnout. You mentioned considerable government initiatives.Could you elaborate on how these programs specifically support the textile industry?
Shubhra: Absolutely. The Production Linked Incentive scheme, as a notable example, incentivizes manufacturers to increase production, ultimately leading to a rise in exports. The PM Mitra park aims to create integrated textile parks to facilitate improved infrastructure and investment in technology.Together, these initiatives promote innovation and advancement, which are crucial in catering to global market demands.
Editor: Speaking of global markets, you mentioned the UK as a critical ally. Why do you perceive the UK in this very way an vital market for India’s textile industry?
Shubhra: The UK is a renowned global fashion hub and the sixth-largest importer of apparel worldwide. In 2023 alone, the UK imported textiles worth over $20 billion, and India accounted for around $1.2 billion of that – a significant 6.14% share of the UK textile and apparel market. Our historical partnership has flourished, and there remain untapped opportunities for collaboration that can benefit both our economies.
Editor: That’s fascinating. With the UK being such a robust market, what advice would you offer to Indian textile exporters aiming to strengthen their presence there?
Shubhra: My key advice would be to focus on quality and sustainability. Consumer trends are shifting towards more sustainable practices, and Indian exporters can leverage this by investing in eco-friendly production processes. Moreover, building strong relationships with UK retailers and understanding local market preferences will be vital in establishing a lasting presence. utilizing platforms like the upcoming trade fairs and exhibitions can also help gather insights and expand their networks.
Editor: It sounds like the road ahead has great potential for India’s textile industry, especially with initiatives and opportunities in collaboration with the UK. Any final thoughts on what’s next for the AEPC and the Ministry of Textiles?
Shubhra: We anticipate continuing our engagement with key markets and enhancing our promotional efforts through more road shows and trade events. Our goal is to ensure that India remains a primary player in the global textile landscape. By fostering innovation and establishing partnerships, we believe that our textile sector will thrive on a global scale.
Editor: Thank you, Shubhra, for your valuable insights.It’s clear that the future of India’s textile industry is promising, and your thoughts certainly illuminate the path forward for many in this field.