Exclusive Investment Forum webinar: Assam invites textile investors

GUWAHATI: The Ministry of Textiles, Government of India in collaboration with Invest India organized an 'Exclusive Investment Forum' webinar. As part of the series, today's edition focused on textiles and apparel sector.

Only five states were invited, Assam being one of them. Other states included Gujarat, Maharashtra, Madhya Pradesh and Telangana. The webinar saw discussion on domestic manufacturers, state clusters, scopes of apparels, textile machineries, yarn, supply chain and man-made fibres (MMF).

Chairing the webinar, Union Minister for Textiles Smriti Irani welcomed all the investors and called upon them to invest in India as it has a vast market for textile, with abundant raw materials and investor-friendly policies.

Participating from Assam, Industries and Commerce Minister Chandra Mohan Patowary said, "As per the 4th All India Handloom Census, Assam has the highest number of looms and weavers in India. With 10.9 lakh weaver households and 10.19 lakh looms, the cottage industry provides huge employment opportunities to the people."

Citing that Assam has a good textile and export policy, Minister Patowary invited the textile investors to Assam and assured customized support to their business ventures in Assam.

Patowary further said, "Assam has a textile park at and is contemplating on setting up another mega textile park will be set up at Rangjuli. Assam offers the advantage of seamless connectivity to East Asia. With the advancement of the Act East policy, Assam is now the Centre of South East Asia with access to 80 million people," a press release said.

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