The Cotton Textiles Export Promotion Council (Texprocil) has said that finalisation of India UAE Comprehensive Economic Partnership Agreement (CEPA) will lead to exponential growth of cotton textiles from India.
Coimbatore
The Cotton Textiles Export Promotion Council (Texprocil) has said that finalisation of India UAE Comprehensive Economic Partnership Agreement (CEPA) will lead to exponential growth of cotton textiles from India.
Manoj Patodia, Texprocil Chairman, said in a press release that ‘zero for zero’ duty free access for textiles and clothing, well supported by robust Rules of Origin, offers tremendous potential for growth of export of bed and bath linen, kitchen and table linen, curtains and valances, quilts and comforters and cotton woven fabrics, including denim.
The CEPA is expected to generate an increase of $ 2 billion in overall exports over the next five years and will also provide a platform for SMEs to expand internationally with access to new customers, networks and avenues of collaboration.
The CEPA encourages the setting up of warehousing or distribution centres in the UAE that can cater to neighbouring Gulf Cooperation Council as well as African markets. With India crossing its ambitious target of $ 400 billion in goods export this year, the India UAE CEPA will provide the much necessary impetus and momentum to increase our exports in home textiles and fabrics to the UAE, he added.
Source: The Hindu
Image Source: Google Images
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