Thursday, January 4, 2024

Manmade and Technical Textiles Export Promotion Council (MATEXIL) will help textile sector in doubling its output to 250 billion dollars: Shri Goyal

MATEXIL EXPORT AWARDS 2022-23 presented to textiles industries in different categories

Mumbai, 4 January 2024


MATEXIL has done tremendous work from being a small fledgling to being exporter to more than 150 countries in the journey of last 70 years, Said Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles Minister shri  Piyush Goyal. He was speaking at the award distribution programme organised by Manmade and Technical Textiles Export Promotion Council (MATEXIL)for year 2022-23.

Shri Rakesh Mehra received lifetime achievement award 2022-23. Ms Neha Zunzunwala received an award  women entrepreneurs in textile category. Prof. Dr Neha Mehra  and team from VJTI went on to receive award in textile engineering. For more details on the awards please click link at the bottom

Shri Goyal said on this occasion that “Textile sector has this never say die spirit. From concerns about where there will be any future for it, Textile has emerged stronger even from challenges like Covid. Even when we are seeing two wars and rebels troubling sea routes, textile sector has refused to slow down.”

Minister further said that, “Technical sector in India is trying to shape the imagination of the world. 70 percent of the global trade is happening in technical and man-made fibre.”

Shri Goyal appreciated the contribution of private players to the Bharat Tex. He expressed confidence that MATEXIL will help  textile sector in doubling its output to 250 billion dollars.

Minister said that as visioned by the Prime Minister, nowhere else there is this facility of farm to fibre to factory to fashion to foreign except in Bharat Tex. “Everybody should support and value Indian manufacturer, if he gets hurt in the long run industry will suffer massively.”

Minister appreciated the stern step taken by the Prime Minister to walk out of Regional Comprehensive Economic Partnership (RCEP). He gave the example of Pharma industry which suffered during covid times due to lack of Active Pharmaceutical Ingredient (API) and said India has now focussed on production of API in India itself.

Shri Goyal appealed industrialists to support the local procurement and local value addition. He put forth the idea of companies volunatarily declaring the domestic content in the product, “This will give us idea about value chain of the final product”, he added. 

Expressing disappointment with low expenditure in Research in Development by private companies in textile sector which makes government sole contributor to R&D, Minister urged private sector to step up R&D expenditure.

Minister also urged private sector to step up the efforts in skill development and said that government cannot match the skill development that can be done by Private sector. 

Shri Goyal  gave example of record speed with which set up was done to start production for Kasturi cotton.

Shri Dhiraj Shah, convenor, export award committee SRTEPC and Shri Bhadresh Dodiya chairman SRTEPC and  textitle industrialist  were present on this occasion.

For more details Please click here


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