Dayanidhi Maran, Minister of Indian Textile Industry, urged investments from the European companies in the Indian textile sector as he expressed in Paris about India being a lucrative place in comparison to China.

Maran asked the executives from the textile industry to Come, come and make money while adding words Come to India, produce and sell here and make money.

Maran visited Turkey, Italy and Switzerland before reaching France and spread the word that in comparison to China, India offers safer space for investments.

We are willing to ensure that India has potential to provide best quality products, copyright protected, in order to provide comfort to investors and make them choose the India over other cities and countries especially China He added.

We wish to divert more investments towards India and not to grab your business, he said further.
Textile Industry of India earned an estimated amount of 62billion dollars from its sales during 2008-2009, among which 35% falls for exports only.

Approx 30% or more export move to European Union countries and rest 30% to US, United States.
Textile minister of India is forecasting extreme rise in the country’s exports within the coming 25years which is estimated to be between 22billion dollars to 90billion dollars.

Maran’s group of delegates will be soon visiting Germany, last stoppage of their tour, after their visit to France.

Chennai: After successful efforts directed to attract foreign investments in telecom industry, Mr. Dayanidhi Maran, the textile minister, is no making a move to get similar results of the fashion textile industry. His approach of Manufacture, sell and make money in India had attracted eminent global telecom brands like Motorola, Samsung and Nokia during his short stay as telecom minister. Dayanidhi Maran is now making efforts to involve global giants of the textile industry from west using similar policies and processes but with an additional point Sell from India with the view of the making the country, a regional export hub.

Comprehensive strategy for investments set by the minister is initiated for convincing global cloth and textile giants to sell not just in domestic market but build up a manufacturing front for global market as well in India sources informed.

Maran said, within the mature and crowded international fashion and textile markets, consistent and sustained efforts are needed for directing foreign investment towards India, in order to set greater integration for textile industry in India with collaborated efforts of the global textile manufacturing process. Along with the international excellence levels, this integration and global positioning both are being expected to get higher profitability and efficiencies. Center is dedicated towards long term efforts and success.

While the 25th Indian International Leather Fair was being inaugurated on 31st Jan 2010, Dayanidhi Maran said a scientific permanent solution will be established sooner for resolving the environmental problems being faced by the textile, sugar and leather industries. A higher level system will be initiated by the ministry in order to understand the emission and environmental standards and recommend the ways of achieving them.

Delegation has been scheduled for meeting few giant companies in Germany and France, which includes Prosher, Decathalon, Hacot Columbiar, UP-TEX, Dormeuil, Thusane and Deveaux. Schedules have been made for holding task with luxury brands such as Hermes, Louise Vuitton, Triumph and France.