India Textile Enterprises Will Invest Heavily In The South African Market

2011/2/28 19:10:00 54

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India's Consul General in South Africa, Vikram Doraiswami, said that in order to strengthen economic and trade exchanges between India and South Africa, more than 30 printing companies will be organizing textile in South Africa next month.

Ready-made clothes

To introduce the most innovative textile research and design to South Africa.

Although the scale of the South African market is still less than that of the advanced countries in Europe and the United States, with regard to the development potential of the southern African market, and South Africa has always been one of India's important economic and trade partners, the India government has decided to actively support commercial exchanges and further deepen bilateral close ties through the way of non-governmental official two pronged approach.

Consul general D emphasized that in view of the preferential tariff free quota granted by the southern African Customs Union and the implementation of a number of investment incentives by the South African government, the India businessmen will invest heavily in the local employment market under many incentives.

Statistics show that India is the second largest textile in the world.

Ready-made clothes

Production countries, of which clothing exports amounted to about 10 billion 170 million US dollars, accounting for about 2.99% of the global market share.

export market

It includes the United States, the European Union, Asia and the Middle East.

The textile and garment industry is the second largest employment industry in India, employing 7 million workers and raising more than 40 million people.