Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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3.TEXTILES COMMITTEE
Textiles Committee, Ministry of Textiles signs MoU with M/s Nissenken Quality Evaluation Centre, Japan.
Details of the MoU:
- The aim of the MoU is to boost the export of Indian textiles and apparel to the Japanese market.
- The main objective of the MoU is to provide the required support to the textiles 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.
- India and Japan had signed a Comprehensive Economic Partnership Agreement (CEPA) in 2011 which inter-alia facilitates the import of garments from India to Japan at zero duty.
- Despite CEPA, the growth in trade in Textiles and Apparel (T&A) between the two countries has been moderate.
- Japan is the third-largest importer of T&A in the world and India is the 6th largest exporter and there is huge untapped potential for trade.
About Textiles Committee:
- The Textiles Committee was established in 1963 by an Act of Parliament and is a statutory body under the Ministry of Textiles.
- One of its mandates is to ensure the quality of all textiles and textile products for domestic and export markets.
- The Textiles Committee is the only body providing for all the quality-related needs of the entire Textiles Value Chain (TVC) in an integrated format on a pan-India basis through its network of 28 offices across the country including 19 state-of-the-art laboratories accredited under relevant national and international standards.
SOURCE: PIB
