Indian pavilion at Japan International Fashion Fair.Byline: ANI
Tokyo, July 22 (ANI): Union Textiles Minister Dayanidhi Maran today inaugurated the Indian Pavilion at Japan International Fashion Fair (JIFF) known as " Mega Apparel and Textiles Show" at Tokyo.
44 Indian textiles and clothing exporters belonging to Delhi, Noida, Jaipur, Mumbai, Kolkatta, Bangalore, Tirupura, Varanasi, Mohali and Ludhiana are displaying their products through 50 stalls in the three day fair.
The Apparel Export Promotion Council (AEPC AEPC Apparel Export Promotion Council
AEPC Alternative Energy Promotion Centre (Nepal)
AEPC Agence Européenne des Produits Chimiques
AEPC Association of European Police Colleges
AEPC AFL-CIO Employer Purchasing Coalition ) along with the Synthetic and Rayon rayon, synthetic fibers made from cellulose or textiles woven from such fibers; more rayon is manufactured than any other synthetic fiber. The name was adopted (1924), in preference to "artificial silk," by the U.S. Dept. Textiles Promotion Council (SRTEPC SRTEPC Synthetic & Rayon Textile Export Promotion Council (India) ) and the Cotton Textiles Export Promotion Council (TEXPROCIL TEXPROCIL Cotton Textiles Export Promotion Council of India ) are participating in the Fair.
With a view to diversify the textiles and clothing exports and reduce dependence on USA and EU 27, the Government is promoting exports to South East Asia under its ''Look East Policy''.
An important component of this policy is to attract of Foreign Direct Investment (FDI FDI
See: Foreign direct investment ). Japan is one of the biggest consumers of textiles and clothing, but India has very negligible market share of 1.12 per cent in Japanese import basket.
The Indian Government is conscious of the fact that textiles industry needs modernization and there is huge scope for Japanese investment to upgrade spinning, weaving, processing and garmenting facilities.
The Government is making serious efforts to attract investment in this important segment of national economy. This interaction is part of series of interactions, which Maran has conceptualized as part of Government efforts to modernize Indian textiles industry and explore new markets for Indian textiles and clothing exports. (ANI)
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