NEW DELHI: With India losing its competitive edge in global textile and apparel sector, the government has decided to engage a consultant to improve the county’s performance.

The textiles ministry will hire a consulting firm to identify new opportunities for market expansion, maintain a database on international tariffs, trade data, growth trends, impact of international agreements and free trade agreements, installed capacity, production and employment in the sector.

It will also provide inputs for promotion of foreign direct investment especially in textile parks, and intellectual property rights issues including geographic indications in textiles and handicrafts.

“We want to appoint a consulting company. It will assist the ministry in sensitising Indian industry of the global market scenario and emerging trends to help identify new opportunities for market expansion,” said an official.

Published On : 28-05-2020

Source : Economic Times

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