Textile

Background Note: India is one of the world’s largest producers of textiles and garments. Abundant availability of raw materials such as cotton, wool, silk and jute as well as skilled workforce have made the country a sourcing hub. It is the world’s second largest producer of textiles and garments. The potential size of the Indian textiles and apparel industry is expected to reach US$ 223 billion by 2021.

About Textile Forum: The Indo American chamber of Commerce has formed textile forum to tap emerging opportunities arising in the field of textiles and create a favorable ecosystem in enhancing bilateral trade between both the nations, India and USA.

The forum would create several linkages in increasing trade and investment in textiles and apparel and undertake research & development in various segments of textiles.

Currently the forum is working out on a national theme “America First & Make in India: Achieving USD 100 Billion Trade in Textiles”

Objectives of IACC Textile forum:

• To facilitate and create synergies in textiles by enhancing bilateral trade between India and America
• Organize various events to facilitate networking among key stakeholders and address emerging issues for inclusive growth and development of textiles
• Facilitate business linkage and encourage foreign direct investments
• Encourage inbound & outbound delegation from India to USA and vice-versa
• Organize various events to facilitate networking among key stakeholders

Few Initiatives of the Textile Forum

One to One Meeting with Mr Greg Cohen, Director of Sales, Phoenix of Anderson: The meeting was all about understanding the demand for textile remnants in Indian market. The meeting primarily focused on establishing a linkage with leading textile manufacturers based in India interested in doing business with Shoddy processors based at Atlanta. Mr. Greg Cohen gave an overview about how textile remnants can be further recycled and be a part of Go Green Initiative. The meeting was held on 19^th December 2016 at IACC Board Room, Churchgate, Mumbai.

The meeting was attended by Mr Suresh Kotak, Chairman, IACC Textile Forum and Mr Arvind Sinha, President, Textile Association of India and Ms Noella Monterio, Commercial Specialist, US Consulate, Mumbai.

Seminar on Indo US Partnership in Textiles: The Indo American Chamber of Commerce, Textile Forum organized a “Seminar on Indo –US Partnership in Textiles and Implication of GST. The objective of this Session was to understand opportunities and challenges in doing business with USA in Textiles. The program was held on 18^th May 2017 at Garware Club, Mumbai

Mr. Suresh Kotak, Chairman, IACC Textile Forum; Dr. Lalit Kanodia, Immediate Past President, IACC, Dr. Kavita Gupta, Commissioner, Textiles, Govt. of India was the Guest of Honor; Mr Gregory Taevs, Commercial Consul, US Consulate, Mumbai delivered Special Address; Mr Ajit B Chavan, Secretary, Textiles Committee, Govt. of India delivered Keynote Address and Mr Arvind Sinha, President, Textile Association of India gave concluding remarks.

Around 85 people attended the program consisting senior officials from the Ministry of Textiles, Govt. of India, US Consulate, Corporates and Media.

IACC and SGCCI Seminar on “America First & Make in India, Achieving USD 100 Billion Trade in Textiles” Indo American Chamber of Commerce (IACC) Textile Forum, in association with Southern Gujarat Chamber of Commerce and Industry (SGCCI) organized a Seminar on “America First & Make in India: Achieving USD 100 Billion Trade in Textiles at Samruddhi Conference Hall, Nanpura, Surat, Gujarat.

There is an immense opportunity between both the countries to network & boost trade and promotion. The Seminar organized was to lay down a roadmap towards creating greater synergy & building robust value chain in all spheres of textiles activity for the future and positioning Surat as one of the most preferred cities of investment from America. As, Surat has the largest looms and is considered having biggest manmade textile industry.

Pan India IACC is working towards achieving USD 500 billion trade opportunity. President Trump has mentioned India a “true friend” and considers India as a natural allies.

For more details, please contact Mr. Satyanarayan Rath, Deputy Director at satya.rath@iaccindia.com

Press Release: Indo – US Bilateral Partnership: New Opportunities: Innovative Products: B2B