India should become self-sufficient in textile machinery manufacturing, the Minister of Textiles, Commerce and Industry, Consumer Affairs, Food and Public Distribution said in Coimbatore on Thursday.
Speaking at the Asia Textile Conference organized by the Confederation of Indian Textile Industries and SIMA 90th Anniversary Celebration, he said the (proposed) free trade agreement with the UK would enable Coimbatore’s textile industry to capture what once took India. Market for Textile Business. here. India should also be a supplier of quality textile machinery. Trade agreements with countries such as Switzerland and Norway will enable Indian machinery manufacturers to partner with companies from these countries and manufacture machinery in India.
India’s current $3.7 trillion economy will exceed $30 trillion by 2047, even at current growth rates. “The world is seeing the potential of a new India,” he added.
Darshana Vikram Jardosh, Minister of State, Ministry of Textiles and Railways, said: “Let us work together to realize Prime Minister Narendra Modi’s dream of making India the third largest Economy.”
