Global textile investors summit in Hyderabad

Conclave to be held in March to promote TS textile sector; Smriti Irani to participate.

By Author   |   Published: 12th Jan 2017   1:18 am
Global Textile Investors Summit
KTR along with Union Minister of State for Textiles Smriti Irani in New Delhi.

Hyderabad: The Minister for IT and Industries, K T Rama Rao, announced on Wednesday that a global investors’ summit will be organised in Hyderabad in March solely to promote the textile sector in the State.

He was speaking to the media after calling on the Union Minister of State for Textiles, Smriti Irani, in New Delhi when he sought her support to make the summit a success. Irani not only assured the Minister of the Centre’s support but said she would also participate in the summit and wanted it to be scheduled on a convenient date.

Rama Rao said that the key announcement pertaining to textile promotion and policy was expected at the summit. The summit will provide a global platform for interaction with investors being invited in large numbers from different countries as well as within the country.

Fashion show too

Irani came out with a proposal to organise a fashion show involving eminent designers from all over the country to showcase and promote handloom fabrics. She also shared her ideas for promotion of Deccani sheep wool and proposed certain programmes for the purpose. “I told the minister that the State would extend all support for the initiative,” Rama Rao said.

He said the Union Minister, during her visit to the State, was expected to announce the Centre’s support for the Warangal Textile Park, especially the Effluent Treatment Plant proposed by the State as part of the project.

He also urged the Union Minister to sanction a mega powerloom cluster at Sircilla town that had some 36,000 to 40,000 powerlooms. The Union Minister assured him of sending it for clearance from the Ministry of Finance.

Irani also commended the efforts being made by the State government to promote handlooms by making it mandatory for government staff to wear handloom clothes at least once a week. Rama Rao said he had also switched over to handlooms in solidarity with the weavers.

Later in the day, Rama Rao called on Finance Secretary Ashok Lavasa and apprised him of the need for the powerloom cluster to be established in Sircilla. He also called on Amitabh Kant, CEO of Niti Aayog, and shared the State’s experiences in the innovation sector, Ease of Doing Business and Quality of Doing Business. Kant, who visited the T-Hub a few weeks ago, wanted it to be replicated all over the country. Rama Rao also shared with Kant feedback from investors on different aspects, including the price control policy in medical devices sector during his recent visit to the USA.