Business

Textile India 2017 B2B Event To Bring Domestic Producers Closer To Global Players

Prime Minister Narendra Modi is scheduled to inaugurate Textiles India 2017, which will be the country’s first ever global business-to-business (B2B) event, at Gandhinagar, in Gujarat, on June 30.

Speaking at a curtain raiser function of the forthcoming event recently, Union Textiles Minister Smriti Zubin Irani said that the event will bring domestic producers closer to global buyers.

Textiles India 2017 holds the promise of becoming a landmark annual trade event for the Indian textiles and apparel industry at the global level, she said.

The event will also demonstrate Modi’s dream of building a global supply chain as he had said “from farm to fibre, fibre to factory, factory to fashion and fashion to foreign,” she said.

Textile India will display more than a thousand stalls and witness the presence of more than 2,500 international buyers, agents, designers and retail chains from across the world, besides 15,000 domestic buyers, she said.

India’s textile sector is a major contributor to the overall industrial production, exports and employment.

The Indian e-commerce sector has been growing exponentially in recent years even as aspiring Indians are buying everything from salt to software online.

The textile sector is also riding a digital wave with Amazon, Flipkart, AV Birla Group, Tatas and eBay, all vying with each other to grab a higher share of online fashion.