Glocal Textile Summit 2022: Mission to grow the Indian Textile Industry with a Target of USD 300 Billion
New Delhi: Brands and Sourcing Leaders association (BSL) organised GLOCAL TEXTILE SUMMIT 2022 on 16th September ‘2022 at EROS, Nehru Place. The Government under the dynamic leadership of Hon’ble Prime Minister of India, Shri Narendra Modi has taken a slew of measures for the holistic development of the Textiles & Apparel sector. As a result of a conducive policy environment and guidance from the Government of India, the Indian Textile & Apparel Industry could achieve its highest ever turnover of US$44.3 billion during 2021-22.
Our Hon’ble Minister of Textiles, Shri Piyush Goyal has set a target of $100 Billion by 2026 for exports & $300 Billion for Industry. Indian Textile & Apparel Industry is one of the largest in the world with the presence of an entire textile value chain ranging from farm to fashion & made-ups. The Textile & Apparel Industry not only contributes to about 10% of India’s total merchandise exports but also generates direct and indirect employment opportunities for over a 105million workforce. The Government of India also has brought about a number of schemes like the Production Linked Incentive (PLI) Scheme, PM Mega Integrated Textile Region, and Apparel (PMMITRA) Scheme to develop world-class manufacturing in India which can play a significant role in increasing India’smarket share in Textile & Apparel exports in the global arena. During the last few decades, Indian Textile & Apparel Domestic Brands & Retailers have shown tremendous growth in buying & sourcing from SMEs and large manufacturers.
Anandya Ray (President) BSL says that “We want to accelerate Indian Apparel Industry growth and advancement in Raw material, Technology, and Sustainability through Industry level collaborations and government support.”
BSL is the ONLY body that brings together International & Domestic Brand heads, CEOs, CXOs, & Sourcing Heads of the Apparel, Fashion & Textile Industry. BSL has emerged to be c o me an important body for discussing challenges, opportunities & collaborated Solutions to act as a catalyst to accelerate growth for the Industry with Over 250 International & Domestic Brand heads, CEOs, CXOs, & Sourcing Heads of Apparel, Fashion & Textile Industry, invited trade association’s senior leadership has confirmed to be a part of the Glocal Textile Summit 2022.