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Coimbatore
ITF wants top priority for textile sector
February 9, 2016
The Indian Texpreneurs Federation (ITF) has appealed to the Union Commerce and Industries minister, Nirmala Seetharaman, to give top priority to textile sector in the Joint Study Group (JSG) report on the feasibility of India-EAEU Free Trade Agreement (FTA).
In a letter to the minister, the ITF has also thanked her for the speedy finalization of the first draft of the JSG report. ITF secretary Prabhu Dhamodaran pointed out in the letter that there were plenty of opportunities for Indian textile products.
Stressing on the need to diversify the market, he said that the ITF had already submitted a report on the scope for export to Russia, the main country in EAEU, to overcome the challenges posed by the Trans-Pacific Partnership.
In the year 2014, Russia’s overall textile import stood at USD 13.5 billion, of which India’s share was USD 248 million.
