News Desk: Assuring customized support to investors’ business venture, the Assam Government has invited textile companies to invest in the state.
On Monday, the Ministry of Textiles in collaboration with Invest India organized an ‘Exclusive Investment Forum’ web seminar. This webinar focused on textiles and the apparel sector.
In the web seminar, only five states were invited and Assam was one of them. Gujarat, Madhya Pradesh, Maharashtra, and Telangana also participated in the webinar.
Industries and Commerce Minister, Chandra Mohan Patowary represented Assam. The Minister cited that with the development of the Act East policy, Assam is now the center of Southeast Asia.
Chandra Mohan Patowary said that the state’s robust infrastructure makes Assam an ideal investment destination for textile and apparel companies.
During the web seminar Patowary said: “As per the 4th All India Handloom Census, Assam has the highest number of looms and weavers in India. With 10.9 lakh weaver households and 10.19 lakh loom, the cottage industry provides huge employment opportunities to the people.”
Dr. K Dwivedi, the Magistrate, and Secretary, Industries, and Commerce Department, during the online seminar, stated that Assam produces 59.50 MT of Mulberry, 156.96 MT of Muga, and 4650 MT of Eri every year.
Union Minister of Textiles, Smriti Irani chaired the seminar. Highlighting the centuries-old history of textiles in India, she welcomed all the investors. She said that India has a vast textile market, abundant raw materials, and investor-friendly policies.
More than 100 business pioneers which included Gautam Nair, Chairman, CII Task Force; Dr. A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC) took part in the webinar.
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