Tokyo, July 22 (ANI): Union Textiles Minister Dayanidhi Maran today inaugurated the Indian Pavilion at Japan International Fashion Fair (JIFF) known as " Mega Apparel and Textiles Show" at Tokyo.
44 Indian textiles and clothing exporters belonging to Delhi, Noida, Jaipur, Mumbai, Kolkatta, Bangalore, Tirupura, Varanasi, Mohali and Ludhiana are displaying their products through 50 stalls in the three day fair.
The Apparel Export Promotion Council (AEPC) along with the Synthetic and Rayon Textiles Promotion Council (SRTEPC) and the Cotton Textiles Export Promotion Council (TEXPROCIL) are participating in the Fair.
With a view to diversify the textiles and clothing exports and reduce dependence on USA and EU 27, the Government is promoting exports to South East Asia under its ''Look East Policy''.
An important component of this policy is to attract of Foreign Direct Investment (FDI). Japan is one of the biggest consumers of textiles and clothing, but India has very negligible market share of 1.12 per cent in Japanese import basket.
The Indian Government is conscious of the fact that textiles industry needs modernization and there is huge scope for Japanese investment to upgrade spinning, weaving, processing and garmenting facilities.
The Government is making serious efforts to attract investment in this important segment of national economy. This interaction is part of series of interactions, which Maran has conceptualized as part of Government efforts to modernize Indian textiles industry and explore new markets for Indian textiles and clothing exports. (ANI)