Page 78 - New Cloth Market December 2022 Digital Edition

NEWS BRIEFS

conference was “Game-Changing I along with Shri Vijay Agarwal, Vice Chairman, Shri Amit Ruparelia, Past
Technologies & Traits for Achieving Chairman, Dr. Siddhartha Rajagopal, Executive Director attended the meet-
High Yields and Fine Quality of Cot- ing. During the meeting, we highlighted the various challenges related to cot-
ton”. ton textile products including issues in exporting to Bangladesh, pre/post
shipment credits, pending claims of RoDTEP / RoSCTL, amongst others. We
The hybrid event was attended by
also made suggestions on supporting ecommerce and improving the ease of
senior government officials, trade ex-
doing business by resolving the challenges faced by our exporting member
perts and industry stakeholders
companies.
across the textile value chain.
Way Forward
The Guest of Honour, Ms. Roop Rashi,
Textile Commissioner, Ministry of Tex- Friends, the growing importance of trade as a significant contributor to the
tiles cited that till now we have set national GDP, will lead the country to focus on export-led growth of the econ-
many targets for the cotton industry omy. On the one hand, the domestic market with sustained consumption
but now it is high time to work towards continues to offer healthy growth opportunities for the textile industry while on
achieving the same and that too in a the other, rising interest rates and the ongoing energy crisis could extend
time bound manner. demand slowdown in the west for another six months, thereby affecting ex-
ports. Focus on newer value-added segments in textiles provides the indus-
Shri Suresh Kotak, Chairman of Tex-
try an opportunity to expand its base.
tile Advisory Group (TAG), delivered
the presentation on ‘Indian cotton – Going forward, support schemes such as PM MITRA and PLI offer the poten-
current and future trends’ in the theme tial to give the industry the much required boost.
session and made suggestions for
achieving the country’s aspirations of
becoming an important supplier of Technotex 2023 to be held in Mumbai from 22nd
textiles to the world. to 24th February, 2023
As part of the panel discussion, I
shared my thoughts on the topic “New Curtain raiser event for Technotex 2023 held in Mumbai
game-changing technologies”. In the
India's premier show on Technical Textiles - ‘Technotex 2023’ will be held in
new millennium as the world seeks
Mumbai from 22nd to 24th February 2023. The largest event of technical
‘Sustainable, Precision & Person-
textile industry in India is focused on providing its attendees access and
alised Agriculture’, the technologies
networking opportunities to meet top CEOs, manufacturers, industry peers,
being developed will truly be game-
purchase managers and suppliers from India and around the globe. The event
changer.
is being organized by the Ministry of Textiles, Government of India in collab-
They will not only provide for environ- oration with Federation of Indian Chambers of Commerce Industry, under
mental benefits but will also help the National Technical Textiles Mission (NTTM). The Union Minister further said
industry to meet the growing cotton that the Technotex 2023 is being organised at the most opportune time when
fiber demand in the world. The 2nd India has assumed G-20 Presidency. “The G-20 Presidency offers an excep-
Global Cotton Conference highlighted
the newer technologies and initiatives
for Cotton. In my view, some of these
hi-tech reforms can be adapted for
home grown cotton at a faster pace
with the combined efforts of govern-
ment and industry.

Meeting with Commerce Secretary
& DGFT
A meeting was scheduled with the
Export Promotion Councils for con-
sultation on export related issues
chaired by Shri Sunil Barthwal, Com-
merce Secretary in the presence of
Shri Santosh Sarangi, DGFT on 26th
November 2022 in Mumbai.

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