NEW DELHI (Commodity Online): A high level textile delegation led by Minister of Textiles, Dayanidhi Maran is visiting France and Germany from Monday to attract foreign investment in textiles sector in India.

This is the second leg of the efforts by Ministry of Textiles to drive global investments Into India. The objective of the visit is to not only convince global players to sell their wares in India but also to invest in manufacturing faciltiy. TThe Indian delegation will  showcase 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, according to an official statement.

The delegation comprises captains of the Indian textiles industry namely, Dilip Jiwarajka, M/s Alok Industry (Yarn to retail), Nitin Kasliwal, M/S SKNL ( arn to retail) Neeraj Saluja, M/s Saluja Group (Spinning, knitting and Garments), Harish Ahuja, M/s Shahi Exports (Garments), Prashant Agarwal, M/S BRFL Integrated garment manufacturer and retailer.

The trade delegation includes -
(i) Premal Udani, AEPC.
(ii)Vimal Kirti Singh, AEPC.
(iii A. Sakhtivel, FIEO
(iv)V.S. Velayutham, TEXPROCIL.
(v) Britto M. Joseph, HEPC.
(vi) Ganesh Gupta, SRTEPC.
(vii Dilip Jiwarajka, Alok Industry (Fabric).
(viii Senthil Kumar, BKS Textiles (Fabric).
(ix)Prashant Agarwal, BRFL (Fabric to Retail).
(x) Shishir Jaipuria, Ginni Filaments (Technical Textiles).
(xi)Neeraj Saluja, Saluja Group (Spinning, knitting and Garments).
(xii)Harish Ahuja, Shahi Exports (Garments).
(xiii)Nitin Kasliwal, SKNL (Fabric).

The Indian delegation is scheduled to meet some of the very large companies in France and Germany which include Decathalon (Turnover US$ 4.3 Bn), Prosher (Turnover US$ 400 Million), Thusane (Turover US$ 300 Million), Dormeuil (US$ 350 Million), Deveaux (US$ 200 Million), UP – TEX (US$ 200 million), Hacot Columbiar (US$ 150 Million) and also some of the luxury brands like Louis Vuitton and Hermes in France and Triumph (US$ 1.6 Billion), Multiline (US$ 700 million), Strennesse AG (US$ 100 Million), Nicholas Weber (US$ 100 million), Oerkilon (US$ 4.6 Billion), Trutzschler (US$ 350 Million) and Terrot GMBH (US$ 133 Million) in Germany.

Join India’s fastest growing B2B platform

India recognises ther fact that its  textile manufacturing has to integrate with best of technology and practices in order to protect itself from competition from purely low cost producers such as Bangladesh and Vietnam.

After the first leg of European visit, many organizations from Switzerland, Italy and Turkey , who interacted with Indian delegation 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.

Some of the international companies who interacted with Indian delegation during the last visit included names like M/s Beninger M/s Rieter (turnover US$3 billion), Jacob Muller (turnover US$ 220 million), and high end fabric manufactures viz., Miroglio (turnover US$1.13 billion), Marzotto (turnover US$1 billion), Gruppo Coin (turnover US$1.1 billion), Vincenzo Zucchi (turnover US$245 million), Radici Group (turnover US$1.7 billion), Sinterama (turnover US$130 million), Zegna (turnover US$ 1.3 billion) in Italy and M/s Bilsar and Yunsa Yunlu san. (turnover US$137 million).

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook