Investment In India Textile Industry Forum Held In Shanghai

< p > the Forum on investment in India textile industry co sponsored by the Embassy of India, Consulate General of India in Shanghai and China Federation of textile industry was held in Shanghai.

Zhang Yankai, vice president of China Textile Industry Federation, attended the forum.

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It is "a href=" http://www.91se91.com/news/index_c.asp "> textile and apparel < /a > the supply chain's pnational configuration and cooperation is deepening. Among them, East Asia and South Asia will continue to enhance their market share in the global textile and clothing trade; two, the purchasing power of the world's textile and clothing is undergoing profound changes, and the number of new consumers in the emerging economies represented by China and India has brought a lot of new purchasing power. Three, there is a major change in the consumption structure of the world's textile and clothing, and the global consumer's attention and pursuit of brand, quality, fashion and Internet channels have increased rapidly. Four, the degree of regional trade liberalization has deepened, and many free trade agreements have contributed to a large number of tariff concessions and two-way investments, which have a huge impact on the global flow of textile production and trade." one billion "< p > forum pointed out that the textile and garment industry is in a major historical turning point: 1.

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Under the macro trend, the volume of trade between China and India "a href=" http://www.91se91.com/news/index_c.asp > textile > /a "is growing rapidly. In 2012 and 2013, China imported cotton yarn from India to 297 thousand tons and 616 thousand tons respectively, up 127% and 107% compared to the same period last year.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > Zhang Yankai < /a > pointed out that this event will help expand the information exchange and potential cooperation between China and India in the field of investment.

He said that in 2013, China's textile and clothing exports totaled 292 billion 80 million US dollars, accounting for nearly 40% of the world's textile and clothing exports, and remained the number one for many years.

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< p > in recent years, Chinese textile enterprises have made positive attempts to "go out". Foreign investment and acquisition involve various links of raw materials, cotton spinning, knitting, clothing and other industrial chains and Southeast Asia, North America, Europe, Africa and other global regions.

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< p > India responsible person pointed out that China and India have broad prospects for cooperation in the textile industry.

Over the years, India has been one of the fastest growing economies in the world. Market reforms, massive foreign direct investment, rising foreign exchange reserves, infrastructure investment, booming capital markets, rapidly developing information technology and real estate markets have boosted India's economy.

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A stable financial system, a vibrant, pparent and high-yield capital market, a high savings rate and investment rate, a sound investment environment, a strong financial regulatory framework, and a high degree of labor force advantage have laid an excellent foundation for the Chinese textile industry to invest in the India market. P

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< p > related links: < /p >

< p > India General Administration of foreign trade said in a new circular: "a new tax rate of 2% based on FOB exports is conducive to the export and employment of highly intensive industries."

The India Garment Export Promotion Committee (AEPC) said that the export tariff incentives would benefit India's exports of clothing and leather to the US and EU countries.

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< p > "these incentives are mainly directed at the most densely employed industries.

I believe this decision will be able to offset the plagued by weak infrastructure and other manufacturing or marketing costs in the long run. "

AEPC president said in his speech.

He said that the total export volume of clothing in India is expected to exceed US $15 billion in the current fiscal year.

"This is very timely and will greatly help our exports.

High input costs and slower global market growth will bring more pressure. "

He added.

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< p > India Federation of export organizations also said that the export incentive measures will help increase exports.

The total export volume of India in the current fiscal year (last April to January this year) was 257 billion US dollars, an increase of 5.71%.

But in the remaining two months of India's fiscal year, it will still need to export about $70 billion to reach $326 billion.

This data is mentioned by the finance minister of India P Chidambaram in his speech on the provisional budget.

He said India's exports in the current fiscal year are expected to grow by 6.3% to $326 billion.

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