India vowed to step up its collaboration with Egypt in the textiles sector. It says there is an increase in textile machinery supplies to the Arab country. As per India's Ambassador to Egypt Sanjay Bhattacharyya, India and Egypt have a long tradition of exchanges in the textiles sector.
He says India is ready to work with Egypt towards attainment of its new textile policy goals in production as well as in trade and investments. Also India is well known for man-made fibers and has a wide presence globally as India's textile industry is the second in the world.
Nearly 37 Indian textile companies are participating in the exhibition that run till September 16 at the Cairo International Convention Centre. The Indian firms are part of a delegation from the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC), an apex body of manufacturers/exporter of man-made fibre textiles, in coordination with Federation of Indian Export Organization (FIEO) and the Indian Embassy here.
India is currently in discussions with the Egypt to expand the presence of textile machinery supplies from India to Egypt. Indian textile machinery are not only good in terms of quality but also because India and Egypt has similar large populations and large labor force. So this kind of machinery will be good for the Egyptian market.
The exhibition will also host an 'India Pavilion which will showcase different varieties of fabrics, made-up items which are ready to wear, yarn and fibre. This can be an opportunity for the Egyptian buyers and traders to visit this exhibition to see all the participant Indian companies under one roof as it will be also an opportunity for discussing business, says Srijib Roy, Director of SRTEPC.
Roy also stated that Indian companies come to Egypt not to compete with the local industry but to cooperate with their Egyptian counterparts.