Assam Govt invites textile firms to invest in the state

Assam Govt invites textile firms to invest in the state

Guwahati, July 7: Assam Govt has invited the textile investors to Assam and assured customized support to their business ventures in the state.

Participating in the ‘Exclusive Investment Forum’ webinar organized by the Union Textiles ministry in collaboration with Invest India on Monday focused on textiles and apparel sector, Assam Industries and Commerce Minister Chandra Mohan Patowary said that as per the 4th All India Handloom Census, Assam has the highest number of looms and weavers in India.

With 10.9 lakh weaver households and 10.19 lakh looms, the cottage industry provides huge employment opportunities to the people. Assam has a good textile and export policy,” Patowary said.

Highlighting the robust infrastructure that makes Assam an ideal investment destination for textile and apparel companies, Patowary said that, Assam has a textile park and is soon contemplating to set up another mega textile park.

Assam Govt invites textile firms to invest in the state

Assam offers the advantage of seamless connectivity to East Asia. With the advancement of the Act East policy, Assam is now the Centre of South East Asia with access to 80 million people,” Patowary said.

Along with Assam Gujarat, Maharashtra, Madhya Pradesh and Telangana have also participated in the webinar.

The webinar saw discussion on domestic manufacturers, state clusters, scope of apparels, textile machineries, yarn, supply chain and man-made fibres (MMF).

Chairing the webinar, Union Minister for Textiles, Smriti Irani welcomed all the investors and highlighted that history of textile in India is centuries old. She called upon the investors to invest in India as it has a vast market for textile, with abundant raw materials and investor-friendly policies.

Ravi Capoor, Secretary of Ministry of Textiles, highlighted the ecosystem for the textile sector in India and presented the latest initiatives and schemes of Government of India for promotion of textile industries in India.

Dr KK Dwivedi, Commissioner and Secretary and Assam Industries and Commerce department made a brief presentation on the state’s advantages for textile majors.

He added that Assam produces 4650 MT of eri, 156.96 MT of muga, 59.50 MT of mulberry per year.

Gautam Nair, Chairman, CII Task Force; Dr A. Sakthivel, Chairman, Apparel ExportPromotion Council (AEPC) and over 100 business leaders from various parts of the country participated in the webinar.