has requested the government to sign a Free Trade Agreement
(FTA) with the US and this initial limited trade package could be a precursor for the much desired bilateral FTA.
The Council also urged the Government to review all the existing trade pacts with the European Union, UK, US, Australia and Canada to remove the disadvantages. FTAs with the US, UK and EU, along with CEPA with Australia and Canada can help double apparel exports in three years, he said.
While recognising medical textiles as a new source of business for the Apparel Industry
and forex earner for India, now that the government has lifted the export ban on many of the PPE items, he exhorted the members to get into Man Made Fibre (MMF) based garments in a big way going by the global demand pattern.
“The need of the hour is to quickly engage in product diversification into MMF. We plan to sign MoUs with a number of MMF manufacturers, including Reliance Industries Ltd, to improve the sector. MMF is the key to increasing India’s textile exports to the global market,” Sakthivel said, stressing on the need to improve design and processing.
This would need extensive R&D into the various fibre base, technologies, processing and sample development. For facilitating R&D into these activities, the Council is setting up a dedicated R&D Centre at its head office in Apparel House, Gurugram.