India plans to open handloom stores abroad

Source: The Hindu Business Line, Sep 04, 2014

Hyderabad: India is planning to open handloom stores abroad and is in the process of pooling artisans to work on contemporary and export—oriented designs, a top government official said here today.

“As far as the exports market is concerned, we are trying to explore new markets and look for some of the franchise model over there…also to open our own stores and we are working on that. It will take some time before we can put it into operation,” Development Commissioner (Handlooms), Ministry of Textiles, Dinesh Kumar told PTI here.

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Textile Ministry for FDI in multibrand retail, but only in Indian apparel

Source: Business Standard, Sep 03 2014

Mumbai: The ministry of textiles under the newly formed BJP government has a contrarian view on the allowing foreign direct investment (FDI) in multi brand retail.

Contrary to the party’s policy for not allowing FDI in multiband retail, the ministry, in its strategy report for the sector has recommended FDI in single and multi brand retail under automatic route, albeit restricting its views only to Indian apparel brands.a

At present, foreign direct investment policy does not allow any FDI in Indian brands or retail but only in foreign brand/retail, which is owned and operated by an international company.

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Textiles Ministry Pact with Flipkart

Source: The New Indian Express, Aug 26, 2014

CHENNAI: Handloom weavers across the country will soon be able to market their wares through an online platform with the Union Textile Ministry signing a pact with online retailing giant Flipkart to provide an online marketing platform for the handloom sector.

An MoU was signed on Monday between the Ministry of Textiles, through the office of the Development Commissioner for Handlooms, and Flipkart to provide the beleaguered handloom weavers with an avenue to market their wares.

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Government eyeing non-traditional markets to boost textiles exports

Source: The Economic Times, Aug 14, 2014

NEW DELHI: To boost the country’s textile exports, the government is exploring new markets by holding shows in Russian Federation, Israel, Eastern Europe, Latin American countries and other non-traditional markets, Parliament was informed today.a

“The Government, in addition to traditional markets like EU & USA, is exploring new markets by holding exhibitions and shows in Russian Federation, Israel, Eastern Europe, Latin American countries and other non-traditional markets,” Union Textiles Minister Santosh Gangwar said in a written reply in Lok Sabha.

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Textile policy to focus on new export markets

Source: The Hindu Business Line, Aug 04, 2014

New Delhi: With an aim to grab one-fifth of the global textile business and increase exports to $300 billion in the next decade, the Government proposes to rejig labour laws, make special efforts to attract foreign investment and enter new markets with high export potential, such as Japan, China, Brazil and Russia.

The proposals are part of the vision strategy framed by the expert committee on textiles, and will be used as inputs for the National Textile Policy.

“The draft of the National Textile Policy will be placed before the Cabinet for approval after weaving in relevant comments from other Ministries and interest groups,” a Government official said.

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Indian spirituality merchandise a hit in exports

KOLKATA: Westerners are now lapping up spiritual merchandise through e-commerce platforms, as India is becoming a global spiritual destination say experts.

“Legend has it that chanting mantras using the ‘Jap Mala’ helps bring a positive aura to the mind and body. This age old belief attached to the Jap Mala which is a set of beads that has made its way to customers residing in Europe and US,” Saif Saiyed of Gujarat-based Kabeer Agate Exporters told PTI.

He said that Westerners have become increasingly fascinated by the energy that this miniature product can bring to one’s life.From Anand, they manufacture and export all kind of Arrowheads, Metaphysical, New Age, Esoteric, Dowsing, Reiki, Fengshui, Pagan, Wiccan, Spiritual and Chakra products.

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Textile policy aims to create 35 million more jobs, $300 billion exports

Textile policy aims to create 35 million more jobsSource: The Economic Times, Jul 29, 2014

NEW DELHI: An expert panel constituted by the government today submitted the draft of the new National Textiles Policy, which aims to achieve US $ 300 billion exports by 2024-25, and creation of additional 35 million jobs by attracting investments.

The blueprint termed as the draft ‘Vision, Strategy and Action Plan’ to revitalize the textiles and apparel industry envisages an additional investment of US $ 120 billion. It was presented to Textiles Minister Santosh Gangwar by Chairman of the Expert Committee Ajay Shankar.

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