FTAs with developed world an important agenda of govt: Goyal

Textiles Minister Piyush Goyal has stressed on innovation across all value chains in the Textile sector. In his Keynote address at the 10th Edition of Asian Textiles Conference TEXCON in New Delhi on Wednesday, Goyal also urged the Textile sector to focus on recycling and digitization. He also stressed on sustainable Textiles. The Minister said, the role of Textiles sector has been extremely important in the last 75 years and now also it has crucial role in expanding the economy. He asked the Textiles Industry to take benefit of National Technical Textiles Mission. Goyal said, there should be thrust on high quality products and scale to meet the growing needs of world market.Goyal said that  innovation is going to be the defining feature in India's march towards becoming a Developed Nation  and also urged the Textile sector to focus on recycling and digitization. He said that textiles sector can reduce the pressure on the environment by using reusable resources as well as reduce its own production costs. In current era of information technology, every industry is benefitting from new technologies like blockchain and more. He suggested that the industry should think about high quality products and elementary products like zip and embellishments, which the Indian textile industry imports at present.  We can take pride in achievements of Textiles sector over 75 years, he said.  CITI and Egyptian Cotton also signed a Memorandum of Understanding (MOU) in the presence of the Minister, Piyush Goyal. Both the industry bodies will work together for mutual benefits.