Maran, Minister of Textiles, is leading a high-level trade delegation
to France and Germany from February 01, to
February 04, 2010 to attract foreign investment in textiles sector in
The comprehensive investment strategy simultaneously involves Thiru.
Maran’s vision to convince large global textiles and clothing brands
not only to sell in the Indian domestic market, but also set up
manufacturing base for their global markets in India. .
This is second leg of efforts of ministry of textiles, under the
dynamic leadership of Thiru. Dayanidhi Maran to drive investment in
India. The Objectives of the meeting major heads of European textiles
companies include showcasing vibrant & dynamic business
opportunities offered by the Textiles & Apparel Industry, Indian
domestic market and manufacturing capabilities in India and to
highlight complementarities and synergies between Indo-French &
Indo-German companies in availing economic edge of existing
opportunities along with setting pace for acceleration of the
integration required between textiles companies from India and France
& Germany. .
Textiles Minister recognizes that in the crowded and mature market of
textiles & international fashion, sustained and consistent effort
is required to drive foreign direct investment to India leading to
greater integration of the Indian textile industry with the global
textiles manufacturing system. The deeper integration and creation of
international levels of excellence and global positioning is likely to
result in higher efficiencies and profitability. .
Such a strategy is critical to protect the Indian industry from
competition form purely low cost producers of the world such as
Bangladesh, Vietnam and others. The Government of India is committed to
such long term efforts and ultimate success. The efforts to attract
investment in textiles sector reflect, the philosophy of the Minister
‘manufacture in India, sell in India and make money in India’, on the
parallels of Thiru. Maran’s investment spell in Telecom Sector with
Under the leadership of Thiru. Dayanidhi Maran, the proactiveness
shown by the ministry of Textiles has resulted in an increased
awareness about the strengths of Indian Textile and Clothing industry.
As result many organizations from Switzerland, Italy and Turkey , who
interacted with Indian delegation during the first leg are under
discussion about either a green field or a joint venture investment
with an Indian partner. Simultaneously, many global apparel &
textiles companies have initiated higher volume sourcing from India