Textile sector eyes Rs 10,000 crore investments during Vibrant Summit

During the summit, the state government will be luring several textile machinery manufacturers from overseas to set up base in the state.

"Unlike European makers, machinery from east Asia is cost competitive. Given the current slump in the market due to rising input costs, the focus is to bring in appropriate machinery at minimum cost. With Chinese, Taiwanese and Korean makers setting up units in Gujarat, the domestic players will get relief in terms of import duties and other costs," said Chandan Chatterjee, general manager