Textile MoU signed to boost export in Japanese market
Total Views |
New Delhi, Jan 28: An MoU is signed between Textiles Committee, Ministry of Textiles, Govt of India and Nissenken Quality Evaluation Centre Japan, virtually. The Union Cabinet meeting chaired by Prime Minister held on Sep 2, 2020 had approved the signing of a Memorandum of Understanding (MoU) between the two organisations. The Minister of Textiles and Minister of Women and Child Development , Smriti Irani presided over the signing ceremony on the Indian side and State Minister of Economy, Trade and Industry, Govt. of Japan Yasumasa Nagasaka, from the Japanese side.
The main objective of the MoU is to provide required support to textile trade and industry for ensuring quality as per the requirement of Japanese buyers through Testing, Inspection & Conformity Assessment, Training & Capacity Building, Research & Development (R&D) and Consultancy. It is expected that the MoU will strengthen the bilateral trade by enhancing India’s export of Textile and Apparels (T&A) to Japan, which is the third largest export destination of the world.
Also read: Ahead of Budget 2021, Cabinet clears PSU Privatization policy
The MoU will formalize mutual interaction and strengthen the relationship in accordance with their respective areas of specialization. Both the institutions have agreed to share and exchange relevant technical information and documentation on a regular basis and carry out activities relating to standards, quality assurance norms, joint research projects on testing, development of user friendly tools for dissemination of data to the industry and facilitate sourcing across the Textiles Value Chain (TVC) from both the countries.
MoU between Textiles Committee, Ministry of Textiles, Government of India and M/s. Nissenken Quality Evaluation Centre Japan signed to boost export of Textiles and Apparel to Japanese market in presence of Hon’ble Minister of Textiles, Smt. @smritiirani pic.twitter.com/ca32IAWZar
— Ministry of Textiles (@TexMinIndia) January 27, 2021
Also read: Ayush Ministry releases India's first comprehensive NCD survey
On the occasion, Union Textile Minister Smriti Irani fondly recalled the friendship and long history rooted in spiritual affinity and strong cultural and civilizational ties between India and Japan and further deepening and strengthening of the relationship under the leadership of Prime Minister Narendra Modi. The Minister further highlighted the challenge relating to stringent quality standards for exports to Japan and expressed confidence that the MoU will help in creating awareness on the various quality parameters being sought by the importers based in Japan and extending hand-holding support to the Indian exporters to adopt and upgrade their technology so as to enhance the quality of products and satisfy the stipulations as required by the Japanese importers.
The Japanese State Minister of Economy, Trade and Industry, Yasumasa Nagasaka highlighted that India is a huge market for Japanese industry and expressed confidence that going forward, there will be substantial development in the India- Japan trade relationship.