Coinciding with ‘New India’s ‘ achievement of its aspirations, the Confederation of Indian Textile Industry (CITI) envisions a flourishing textile sector by 2047.
Emphasising the industry’s long-term vision, Rakesh Mehra, Chairman, CITI, states, the action plan formulated by the textile industry aims for a sustained growth till 2047. The confederation is dedicated to fostering innovation, sustainability and inclusive growth within the sector.
Emphasising on the urgent need for collaborative efforts, Mehra avers, there is a collective determination to steer the industry towards a prosperous future.
CITI welcomed facilitation measures designed to ease the burden on exporters, such as exemptions from mandatory Quality Control Orders (QCOs) for inputs. According to Mehra, these exemptions will provide much-needed relief to exporters, establishing a strong foundation to achieve the target of US$ 100 billion in textile and apparel exports by 2030."
Highlighting the critical role of trade agreements in expanding the industry's global presence, Mehra says, the recent India-European Free Trade Association (EFTA) Agreement offers enhanced market access and fosters growth opportunities. CITI’s partnership with Swiss Textiles further reinforces its commitment to bilateral trade and collaboration."
Reiterating CITI’s commitment to drive transformative change within the Indian textile industry, Mehra states, the organisation remains steadfast in its commitment to innovation, sustainability and inclusive.
