The Europe India Centre for Business and Industry (EICBI) collaborated with Morten Lokkegaard, a Member of the European Parliament from Denmark, to invite leaders from Europe and India's textile industries.
Unlocking opportunities
They convened at the European Parliament in Brussels to discuss the pros and cons of an EU-India Free Trade Agreement (FTA) focused on the Textile & Clothing Industry. The conference emphasized the need for a strong partnership between the regions to transform the global textile market and drive progress in various sectors.
Highlights the potential of ‘Textile Collaboration’
Government representatives, industry heads, academics, and civil society from both Europe and India explored avenues of collaboration, particularly in textile cooperation and the proposed FTA. Key discussions addressed challenges faced by European companies in India, advocated for a zero-duty policy for textiles, focused on market access privileges, eliminated non-tariff barriers, and emphasized policy alignment.
Demonstrability
The event showcased the complementary strengths of the EU and India in the textile industry and discussed the possibility of an early harvest approach to expedite progress and foster confidence. This milestone event lays the foundation for an enhanced textile partnership, creating remarkable opportunities for a prosperous future.
