In all, 65 memoranda of understanding have been inked at the three-day Textiles India 2017 fair, which ended this evening at Gandhinagar, Gujarat. The MoUs were signed between various domestic and international organisations from industry and government.
Three of the MoUs signed were G2G deals. The MoUs signed relate to exchange of information and documentation, research & development, commercialisation of handloom products and silk production, cooperation in geotextiles, skill development, supply of cotton and trade promotion with overseas partners, etc.
Addressing newspersons after the deals had been signed, Union textiles minister Smriti Irani said the ongoing developments signalled a golden era for the country’s textile industry. She reassured industry about the commitment of the government of India in promoting the sector.