SGCCI’s Textile Week Highlights Innovations & EU Regulations for Growth

Surat : Bharat Gandhi, chairman of the Federation of Indian Art Silk Weaving Industry (FIASWI) has said that when the MSME sector is contributing 50% to India’s GDP, the government should keep small units together for taking up innovations. Gandhi was speaking on the inaugural day of the ‘Textile Week’ event organised by the Southern Gujarat Chamber of Commerce and Industry (SGCCI) at Sarsana on Saturday. 

“When technical textiles are growing by 19 percent, entrepreneurs should seize this opportunity to quickly move towards making technical textile products. Until basic raw materials for yarn are not made available in India, the government should provide relief to industrialists from BIS and QCO certificates” said Gandhi.

Former Additional Textile Commissioner, Government of India, Satya Prakash Verma gave detailed information to the textile industrialists about the new regulations of the European Union. He said that the regulations being brought by the European Union will first affect the textile industry. When the European Union has included garments in textiles, the textile industrialists of Surat will have to go beyond MMF. The industrialists of Surat will have to focus on garmenting.

He gave detailed information to the industrialists about durability, reliability, reusability, upgradability, repairability, water use and energy efficiency, carbon footprint and expanded general waste under the European Union regulation. The European Union has not yet announced what the parameters of compliance will be, so the industrialists have a year or so. He said that these regulations will be applicable not only to the textile industry but to the entire trade.

Luthra Group Chairman irish Luthra said that the growth of the textile industry is very good and there are many opportunities for industrialists. There are maximum opportunities in technical textiles. Apart from this, there is a lot of scope for industrialists in Geo Textile, Agritech etc., but small industrialists will have to come together to meet the global market. When MSME has a record of world wide growth, five to ten MSMEs will have to work together and show the power of volume.

Girdhar Gopal Mundada, Chairman of GFRRC of the SGCCI said that the Chamber has been organizing Textile Week for ten consecutive years. In order to understand the direction in which industrialists can try to increase textile exports, experts provide guidance to industrialists to increase manufacturing growth in programs held under Textile Week.

Nirav Mandlewala, honorary secretary of SGCCI said  that Textile Week is not just a series of programs, but a platform to bring together visionaries, experts and stakeholders of the textile industry to brainstorm and chart the future of the textile sector. If we take a look at the Indian textile industry, the value of the Indian textile and garment industry in the year 2023 was $120 billion and it is likely to reach $300 billion by the year 2030. India accounts for 4.6% of the total world textile trade and is a significant exporter.