Textile minister, Santosh Kumar Gangwar has said that Goods and Service Tax (GST) is important, and he is trying to convince the finance minister for keeping the textile industry in lowest level slab.
Inaugurating ‘Galleria Intima 2015’, country’s biggest intimate apparel trade fair yesterday Gangwar said that intimate wear industry is highly capable of increasing the exports of the nation to European, Japanese and American markets. With domestic demand on the rise, it is also important for good quality products to be manufactured within the country to replace imports, minister said.
Organized by Intimate Apparel Association of India (IAAI), the objective of the entire exhibition is to focus on the strengths of the Indian industry that can be leveraged to position India as a leading manufacturing destination for intimate wear.
A white paper on ‘Make in India, Make for the World: Developing India as a quality intimate supplier for global markets’ was also released by the minister at the event.
One of the focal points of Galleria Intima is to be the transformation of the intimate apparel sector of the country to make it emerge as the next major hub of intimate wear manufacturing. The exhibition showcased everything from fibres to laces, to hooks and packaging.
Visitors from a wide variety of sectors including brand owners, manufacturers of intimate wear, designers, export houses, large format retailers, online retailers, buying houses were part of it. More than 1000 brands from India alone along with 80 exhibitors from 10+ Countries and 15 Chinese companies participated in the exhibition.
One of the central aims of the event would be on how to Make In India and sell the “Made in India” in the international market as well as derive the incidental benefit of enhancing domestic consumption.