India will have a textile policy in three months. The draft has been finalized after consultation with stakeholders. The policy aims to achieve over Rs 20 lakh crores (USD 300billion) of textile exports by 2024-25 and create an additional 35 million jobs.
Responses from foreign players at the forthcoming Textiles India 2017 conference will also serve as inputs. A Textiles India conclave and exhibition is being organized in Gujarat from June 30 to July 2 for the Indian textile and handicraft sectors which will showcase the entire range of textile products from fiber to fashion.
The event will have over 1,000 stalls and will witness the presence of over 2,500 discerning international buyers, agents, designers, retail chains from across the world, and 15,000 domestic buyers. The three day event will include a global conference with six themes.
Textiles India 2017 is the first ever global B2B textile and handicrafts event in India. It holds the promise of becoming a landmark annual trade event for the Indian textile and apparel industry at the global level. It is celebrating the significant achievements of India's textile industry and the enormous promise of spectacular growth over the next few years.
India’s textile sector is a major contributor to overall industrial production, exports and employment. The textile sector is also rising on the new digital wave with players vying with each other to grab a higher share of online fashion.