At the Global Textile & Home Furnishing Expo organized by FICCI, Textile Minister Ravi Capoor announced government’s plans to organize -Textile India Fair- the world’s largest virtual textile fair featuring 5,000 sellers and 30,000 buyers from across the globe. Capoor said though India faces stiff competition in apparel, home furnishings and textiles sectors, it has the potential to double exports in two years. To achieve this, India needs to launch a huge outreach program that expands the country’s exports to new markets such as Japan, CIS and Latin America.
Capoor says, India has been receiving new textile orders. However, it needs to revamp its delivery style and schedules. From April-August, India’s exported $8.7 billion worth of cotton yarn, fabrics, made-ups, handloom products, man-made yarn, fabrics and made-ups, readymade garments, jute products, handicrafts and carpets, Capoor informed