Monday, February 28, 2011

Indian textile and garment enterprises will be investing heavily in the South African market

 HC clothing online VikramDoraiswami Consul General of India in South Africa, said South Africa, India to strengthen economic and trade exchanges, there will be 30 next month, Indian textile and garment companies to hold exhibition in South Africa, introduced to the South African public of the most innovative R & D and textile materials Costume design. Although the South African market

not as advanced countries, but focus on the development potential of the Southern African market, with South Africa that India has always been an important trade partners, so the Indian government decided to actively support the business exchange activities, the official two-pronged approach by way of civil society to further deepen the close bilateral relations. D Consul General stressed that, in view of the Southern African Customs Union to enjoy duty-free exports to the U.S. textile quota-free benefits, and the South African Government has implemented a number of investment incentives in a number of incentives to motivate, I believe that the Indian industry to invest in will be massive, active local job market .

statistics, India is the second largest textile and clothing producing countries, where garments worth about 10.17 billion U.S. dollars, accounting for the global market rate of about 2.99%, the main export markets include the United States, the European Union Asia and the Middle East. Textiles and clothing industry is India's second largest employment industry, employing up to 700 million workers, raising the population and more than 4,000 people. 

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