Russia, India agree to further strengthen textile sector cooperation

India and Russia recently agreed to further strengthen their cooperation in the textile sector by expanding production and raising trade in finished textiles, raw materials and equipment.

The discussions took place early this month in Moscow between Russia’s Deputy Ministers of Industry and Trade Aleksey Gruzdev and Ivan Kulikov, and India’s Minister of State for Textiles Pabitra Margherita, a release from the Russian Ministry of Industry and Trade said.

India and Russia recently agreed to further strengthen textile sector cooperation by expanding production and raising trade in finished textiles, raw materials and equipment.
Both sides agreed to focus on the light industry sector; encourage cooperation between Indian manufacturers and major Russian brands, retail chains and e-commerce platforms’ and support textile-centered trade fairs and exhibitions.

Margherita also inaugurated the ‘Best of India—Indian Apparel and Textile Fair’ in Moscow, held from October 1 to 3. The fair was organised by India’s Handloom Export Promotion Council (HEPC).

The discussion focused on the comprehensive development of the light industry sector. Both sides agreed to encourage cooperation between Indian manufacturers and major Russian brands, retail chains and e-commerce platforms. Both countries will also support textile-centered trade fairs and exhibitions.

Specifically, Indian partners were invited to attend the International Exhibition and Forum for Commercial and Investment Real Estate, Logistics, Retail, and E-Commerce MALLPIC from November 19 to 21 in Sochi, as well as the International Technical Textiles Forum on December 18 in Moscow.

Fibre2Fashion News Desk (DS)

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