India to Increase Its Textile Export to Japan
NEW DELHI: The textile and clothing industry is aiming to increase its exports to Japan complying with the quality for the Japanese Market.
This initiative has come under the aegis of Textile Committee of the Union Ministry of Textiles particularly after entering a Memorandum of Understanding with Japan Textile Products Quality and Technology Centre (QTEC) during the visit of Prime Minister to Japan in November 2016.
To achieve the objective of MOU to meet the requirements of Japanese markets, the Textile Committee has organized its first Industry Capacity Building Programme recently.
Mr S. Ulaganathan, Director, Textiles Committee gave a brief introduction about the objectives of the program.
The Indian Textile Industry contributes approximately 5 per cent to India’s Gross Domestic Product (GDP), and 14 per cent to overall Index of Industrial Production (IIP).
India's overall textile exports during FY 2015-16 stood at 40 billion US Dollars.
Textiles sector is one of the largest contributors to India’s exports with approximately 15 per cent of total exports.
India’s total export trade of textiles clothing is 35.43 Billion US Dollars against the total world export trade of 901 billion US dollars which is hardly about 4 per cent of the world export.
There is tremendous opportunity to improve the export share. In this context, as there is very good opportunity to increase the export to Japan, Government of India through Textiles Committee entered into MoU with Japan’s QTEC.
He invited the industry to achieve the main objective of MOU for enhancement of the quality to cope with the Japanese market requirements.