After his Discussion attracting foreign direct investment in the telecom sector, textile Minister Dayanidhi Maran is now to replicate the success In the fashion industry especially textiles. His philosophy of “manufacture in India, sell in India and make money in India” had earlier attracted global telecom giants like Nokia, Motorola and Samsung during his stint as the telecom Minister. Maran is now trying to attract global textile giants from the West using the same policy but with an added point— “sell from India” by making India a regional hub for exports.


	Maran lures global textile cos with ‘sell from India policy

	1st Feb 2010
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	After his Discussion attracting foreign direct investment in the telecom sector, textile Minister Dayanidhi Maran is now to replicate the success In the fashion industry especially textiles. His philosophy of “manufacture in India, sell in India and make money in India” had earlier attracted global telecom giants like Nokia, Motorola and Samsung during his stint as the telecom Minister. Maran is now trying to attract global textile giants from the West using the same policy but with an added point— “sell from India” by making India a regional hub for exports.

	With foreign direct investment as its theme, Mann is leading a high- level business delegation to Germany and France on Tuesday. A similar delegation had earlier visited Italy Switzerland and Turkey Companies from these countries are in talks for either a green field or a joint venture investment with an Indian partner, Simultaneously many global apparel & textiles companies have started sourcing higher volumes from India, sources in the textile ministry said

	“The comprehensive investment strategy of the minister is to convince large global textile and clothing brands to not only sell in the Indian domestic market, but also set up a manufacturing base for their global markets in India,” the sources said.

	According to Mann, “in the crowded and mature market of textiles and international fashion, sustained and consistent efforts are required to attract foreign direct investment to India, leading to a greater integration of the Indian textile industry with the global textile manufacturing system. This deeper integration, together with international levels of excellence and global positioning, is likely to result in higher efficiencies and profitability Such a strategy is critical to shielding the domestic industry from competition form low-cost producers like Bangladesh and Vietnam. The Centre is committed to such long-term efforts and ultimate success”.

	Jnauguratingthe2 national Leather Fair here on Sun day, Maran said a permanent and scientific solution to the environ mental problems faced by the leather, textile and sugar industries will be brought about very soon. A high-level committee will also be set up by the environment ministry to study and recommend environmental and emission standards and ways to achieve them.

	The delegation is scheduled to meet some large companies in France and Germany, which include Decathalon, Prosher, Thusane, Dormeuil, Deveaux, UP-VEX and Hacot Columbiar It is also scheduled to hold talks with well-known luxury brands like Louis Vuitton and Her mes in France and Triumph, Multi- line, Strennesse AG, Nicholas Weber, Oerkilon, Trutzschler and Terrot GMBH in Germany.

	The delegation will showcase the vibrant and dynamic business opportunities offered by the textiles & apparel industry, the domes tic market and manufacturing capabilities in India and also high light synergies between Indo French & Indo-German companies. Maran’s team will also try to accelerate the pace of integration between textile companies in India, France and Germany

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