The Hindu : Intl. Textile Federation meet

Online edition of India's National Newspaper
Wednesday, Aug 21, 2002

Business

Business

Intl. Textile Federation meet

By Our Special Correspondent

NEW DELHI AUG. 20. The Prime Minister, A. B. Vajpayee, has agreed to inaugurate the annual conference of the International Textile Manufacturers Federation, which is being held here from August 28 to September 1. This was announced here today by Rajaram Jaipuria, Chairman of the Indian Cotton Mills Federation, which is hosting the meet.

The conference is of particular importance to India as it is scheduled to discuss in depth the scenario that is likely to emerge once the quota regime for textiles exports comes to an end on January 1, 2005.

In addition, it is taking place at a time when the Indian textile industry is staging a recovery after suffering a slowdown for over a year and when rapid changes are taking place in the way textile units across the world are doing business.

There has, for instance, an increasing trend towards outsourcing of operations including spinning and weaving.

Speaking to reporters, Dr. Jaipuria said the conference was expected to be attended by about 300 textile magnates and experts from across the world. Among other things, it would discuss a paper on WTO and textiles and another on consolidation in global retailing, which had special implications for Indian products and brands.

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