Progressive Punjab Investors Summit 2019 to have textile & garmenting session on Dec 6: GM DIC Mahesh Khanna

Ludhiana, November 28, 2019: Mr Mahesh Khanna, General Manager, District Industries Centre Ludhiana, today stated that the textile industry has contributed significantly to the Punjab’s economic growth.
He said that at present, Punjab prides itself as one of the largest producers of Cotton, Blended Yarn and Mill Made Fabrics in India and the state is ranked 3rd in installed Spinning Capacity in India. Accounting to 95% of India’s production, Punjab is the leader in the Woollen Knitwear production. Textile industry accounts for 19% of the total industrial output (Gross Value Added) of Punjab and in terms of exports, the share of Textiles in the State’s total exports stands at 21%.
To further promote the growth of the Textile industry in the State, it is imperative to strengthen the presence of industries in the higher Textile value-chain and to keep abreast with the global technological advancements (especially in the Technical Textiles segment). This became the genesis for conducting a dialogue to discuss the opportunities and available support in Punjab in the Garmenting and Technical Textile domains through a dedicated session themed on “Punjab: New Destination for Garmenting & Technical Textiles”.
Mr Khanna informed that the panel discussion would be moderated by Mr Amit Jain [Managing Director, Shingora Textiles Limited], and would witness participation and sharing of views from eminent Textile Industry veterans viz. Mr Rajinder Gupta [Chairman, Trident Group], Mr DL Sharma [Managing Director, Vardhman Textiles], Mr Kamal Oswal [Managing Director, Nahar Industrial Enterprises], Mr Gopesranjan Das [Vice President & Head Market Development (PSF), Reliance Industries Limited] and Mr HKL Magu [Chairman, Apparel Export Promotion Council (AEPC)].
Through a detailed discussion around the strong existing textile ecosystem and available backward linkages in the State, the session shall highlight the opportunities available for businesses in the Garmenting and Technical Textile sectors and will convey how the State is ready to harness the wave of technological advancements in the Sector.
By classifying Textiles (including Apparel & Made-ups, Technical Textiles) as one of the ‘Thrust Sectors’, and thereby offering attractive incentives and benefits to the businesses through the Industrial and Business Development Policy 2017, the Government of Punjab has also propelled the growth of the industry. The discussions during the Session will therefore also highlight the significant efforts made by the Government of Punjab to support the growth and development of the Textile industry in the State.