Chinese investors flock to 'Textile India 2017' road show

Beijing: India has organised a road show at China's textile hub Shaoxing, detailing the investment oppurtunities in fabrics, machinery and yarn sectors in the country to about 120 Chinese textile firms.

A four-member delegation led by Pushpa Subrahmanyam, Additional Secretary, Ministry of Textile along with Chairman, The Cotton Textiles Export Promotion Council (TEXPROCIL) and a Confederation of Indian Industry (CII) representative participated in an event held yesterday organised by Indian Consulate in Shanghai along with Shaoxing Municipal Peoples' Government.

The road show titled 'Textile India 2017' was organised to spread awareness amongst Chinese Textile companies about the upcoming mega textile event in Gandhinagar from June 30-July 2, 2017, a statement issued by the Consulate said.

About 120 textile companies from fabrics, machinery and yarn sector participated at the Shaoxing Roadshow, Prakash Gupta, Consul General of the Indian Consulate in Shanghai said in the statement.

Shaoxing (located in Zhejiang Province) was chosen as the location for the road show, as it is one the largest textile manufacturing and trading hubs in eastern China.

Several textile companies from Shaoxing have investments and business interests in India, including a 2000 strong Indian textile trading community that is also based out of the city.

A detailed presentation on the overall scope, scale and participation guidelines for Chinese companies was made by Pushpa who also answered queries of Chinese companies on issues related to investments in textile practice in India.

A series of B2G meetings were also organised after the conclusion of the Business Seminar, during which queries regarding the upcoming event were addressed in detail.

Pushpa along with the Indian delegation called on Shaoxing Vice Mayor, Xu Mingguang and extended an invitation to Shaoxing City leadership to lead a textile investors delegation to participate at the Textile India 2017 event in Gandhinagar, the statement said.

The Gujarat event will, for the first time, mark the positioning of an annual textile trade event in India on the annual calendar of global trade events. Prime Minister Narendra Modi is likely to inaugurate the event, it said.