65 MoUs signed on Day 2 of Textiles India 2017

The Ministry of Textiles on Saturday signed as many as 65 MoUs in the textile sector on the second day of the first of its kind mega exhibition Textiles India 2017.

"The MoUs were signed between various domestic and international organisations from the industry and government," an official said.

The MoUs were signed in presence of Union Textiles Minister Smriti Irani and Minister of State, Textiles, Ajay Tamta.

The MoUs signed relate to exchange of information and documentation, research and development, commercialisation of handloom products and silk production, cooperation in geo-textiles, skill development and supply of cotton and trade promotion with overseas partners.

"In two days, we have signed 65 MoUs. We are hoping a large scale of investment. Here is a government which is here for redressal of your grievances. The government is also willing to listen the problems you face," Irani told a investors meet here after signing the MoUs.

She said that among 65 signed MoUs, three were signed with Australia, Bangladesh and China.

Irani said that the current age is a golden era for development of textiles industry.

--IANS

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