Business Gujarat Headline News

Gujarat’s FM Saurabh Patel inaugurates Texcon’14 Business Meet in Delhi

Gujarat Finance Minister Saurabh Patel today said that handloom and handicrafts sector is facing a crucial challenge of shrinking skilled work force which can be dealt with by giving more thrust to buyer-sellers meets and exhibitions across the country.

Speaking at Texcon’14 – International Conference and Exposition on Textiles & Apparel organized by Confederation of Indian Industry (CII) here, Saurabh Patel said that Gujarat is promoting handloom sector in a big way by providing capital investment and marketing platforms to entrepreneurs and medium and small enterprises in textile industry. Patel also said that Government of Gujarat will organise number of exhibitions in next three months in the state besides an inclusive innovations exhibition and two international buyers-sellers meet.

Gujarat will become hub of exhibitions in India as it is a very innovative platform through which young entrepreneurs are created, Patel said.

Inviting the textile industry to attend Vibrant Gujarat Global Summit in January 2015 in Gandhinagar, the Gujarat Finance Minister informed that state textile policy formulated in 2012 is the most dynamic policy ever framed by any state government in India and is premised on an integrated approach to strengthen the value chain, Farm- Fibre-fabric-Fashion-Foreign. Gujarat has concentrated on infrastructure in textile sector with surplus power and rural labour as its strengthening factors. We have created skill development centres in partnership with industrial houses to impart training to womenfolk in Gujarat, he said adding Gujarat Government is giving subsidies in power to handlooms across the state.

Government of Gujarat has decided to provide Rs 1 lakh loan as starting amount with a bank guarantee to registered artisans and handloom workers, the Gujarat Minister stated.

Patel welcomed new ideas from textile and apparel associations to give more thrust to garmenting sector as maximum value addition can take place in garmenting segment of the chain. Gujarat is a manufacturing state with 35 percent of India’s exports coming from the state. We have to give more thrust to manufacturing sector and create more employment in rural sector, he apprised.

Saurabh Patel released CII-Wazir Advisors Theme Paper on “Role of Indian Textile and Apparel Industry in Changing Global Supply-Demand Scenario” and inaugurated the exhibition set up by the CII.