India actively considering CEPAs, FTAs to boost textile exports: Piyush Goyal
Union Minister Piyush Goyal has said India is actively considering the possibility of Comprehensive Economic Partnership Agreements (CEPAs) and Free Trade Agreements (FTAs) with various countries. These agreements aim to enhance the market size and facilitate exporters in the thriving Indian textile sector. Further, the Minister highlighted that the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park is being established across 7 states to promote India's textile sector in a significant manner.
Goyal said PM MITRA Parks will lead to a reduction of logistic costs due to a cluster-based approach to manufacturing and production of quality products with appropriate testing facilities. He emphasised that countrymen deserve the best quality of garments and this should be ensured by all the stakeholders.
He encouraged the industry to focus on quality and test their products to comply with quality standards. He said India is pioneering sustainable textiles, contributing to a lesser carbon footprint and promoting a circular economy. Moreover, he added the Indian textile industry has made a mark in the world with its innovative and attractive products.
