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Textile MoUs worth Rs 8,835 cr signed at Vibrant Gujarat Summit

MoUs worth Rs 8,835 crore in textile sector were signed during the Vibrant Gujarat Summit Gandhinagar. Pacts have been signed in various segments such as textile parks, textile processing, machinery and carpet development, said at textiles ministry statement.

Union textiles minister Smriti Irani said given the entrepreneurial spirit of Gujaratis and the kind of investment inflow, the textile story of Gujarat has just begun. She said that Gujarat is a one-point sourcing hub for all kinds of textiles and as an area with one of the largest concentrations of textiles in India. The minister also said that there are huge possibilities in textile education in Gujarat. She was addressing the 'Make in Gujarat' theme seminar on Trends and Innovation impacting the Textile Value Chain at the Global Summit.

The minister witnessed signing of MoUs worth Rs 8,835 crore in the textile sector during the seminar. She said the skill development program in textile sector conducted at 28 ITIs of Gujarat running textiles courses has recorded a placement of 75 per cent.

The minister said two major institutes of Gujarat, namely NIFT and NID and various engineering colleges offer degrees in textile technology, textile processing and textile engineering. She also informed that Gujarat produces 29 per cent of India's total cotton production which indicates the trust of textile industries in the prospects of the state. Irani assured the support of her ministry for the development of the textile value chain of Gujarat and to explore possibilities in technical textiles and research.