Surat textile industry invited for Conference in Karachi | SupportBiz

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Surat textile industry invited for Conference in Karachi

 
Four leaders of the Surat-based textile industry would be visiting Karachi, Pakistan for the round-table conference on 'Normalizing India-Pakistan Trade' on November 26.

The conference is being organized by Indian Council for Research on International Economic Relations (ICRIER), New Delhi and the Federation of Pakistan Chambers of Commerce and Industry and the Institute of Business Administration.

The four participants are Ashok Jain, Riyaz Padela, Devkishan Manghani and Kamlesh Yagnik. Manghani, who is the former president, Federation of Surat Textile Traders Association told the Times, "There is still a huge scope of increasing textile trade between Surat and Pakistan. Our fabrics are in huge demand, but there are certain issues that need to be addressed."

They will hold discussions on increasing direct trade between India and Pakistan and discuss about the target fabrics to be exported to Pakistan. Besides these, the interaction would also cover matters regarding Indo-Pak trade and economic cooperation, textiles, banking and non-tariff barriers to trade and trade in agriculture.

In Indian synthetic and rayon textile export, Pakistan has emerged as the leading market for fabrics and filament yarn surpassing US and Saudi Arabia. As per the latest figures available from the textile ministry, man-made fabric and yarn export to Pakistan has increased by 25 per cent in 2012-13 at Rs 21 crore compared to Rs 16 crore in the previous year. Out of this 60 percent of the trade is generated from Surat.