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India's first Centre for Textiles Trends Forecasting soon in Delhi

IANS  |  New Delhi 

In keeping with its status as a major textiles market as well as exporter, will soon have its first Centre for Textiles Trends to be set up in the national capital, an said on Wednesday.

Briefing reporters here, Textiles said the proposed centre had already received government approval and is slated to become operational as early as within this month in a prime property of the ministry located in the heart of the city.

The complex of facilities in the centre designed to boost India's exports would include an designed to aid "design interventions" and incubate start-ups, as well as a first of its kind Crafts and Textiles Depository, Singh said.

"doesn't have a trend centre...we depend on international trends, which we then pass on to the craftsmen to make copies.

"It is high time that we became influencers (of trends)," he said.

Announcing that the centre would be set up this month, the said that it would make use of commercial intelligence in the sector "to forecast what trend would come in the next six months".

On the proposed for textiles, he said that the Centre had already approved the setting up of this facility to make "imminent design interventions" which will also incubate start-ups.

"The Centre is being launched to contemporise efforts in the textiles sector," he added.

He also cited the progress made under the 100-day outreach programme for MSMEs launched by on November 2 in 100 districts, of which 40 were allotted to the

During this outreach, around 65,000 artisans and 2.5 lakh weavers were issued identity cards that allow them to avail benefits, Singh said.

"Around 13,000 artisans and 9,500 were enrolled for the Mudra loan facility for disadvantaged sections which resulted in Rs 6,500 crore worth of loans granted to MSMEs in the textiles sector," he added.

--IANS

bc/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 13 2019. 20:32 IST
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