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Our Bureau

Chennai , Oct. 6

BUILDING up India's brand equity in handloom textiles and the Rs 60,000 crore Technology Upgradation Fund (TUF) for investment in the garment and textile sector are some of the steps taken by the Government for the post-quota period.

Mr Shankarsinh Vaghela, Union Minister for Textiles, told reporters at the Jewellery Convention and Exhibition organised by the Crafts Council of India that the Government had increased the TUF from the earlier Rs 25,000 crore to this amount, which has been sanctioned for 18 months. He said that earlier there were not many takers for the fund, which would have helped the textile industry upgrade.

The Government is committed to developing the Made in India brand, especially for handlooms, which already has a premium niche in world markets, he said, adding that India had more credibility than China.

In a recent World Trade Organisation (WTO) meeting in which 40 countries participated and opposed the ending of the quota regime, only India and China welcomed it. He said that India had some inherent strengths like the Made in India brand, the credibility and the general irritants faced by developed markets in trade with China.

The Crafts Council of India (CCI) is organising a 3-day International Jewellery Convention `Grass to Gold'' in association with the Office of the Development Commissioner (Handicrafts), Ministry of Textiles, which will held from October 6 to 9.

The convention will showcase jewellery from countries in the Asia Pacific region of the World Crafts Council. Ms Vijaya Rajan, Chairperson, CCI said that it was important to showcase jewellery in such wide-ranging materials and prices.

More Stories on : Textiles | Readymade Garments

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