India Unveils ‘Bharat Park’ in UAE to Boost Global Apparel Trade
India Unveils 'Bharat Park' in UAE to Boost Global Apparel Trade
In a strategic move to enhance India's global apparel presence, Union Minister of Textiles & Commerce, Piyush Goyal, announced plans for a 'Bharat Park' in the UAE during the Export Awards function of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC). The park will house showrooms and warehouses, allowing countries worldwide to seamlessly purchase Indian apparel, leveraging the secure payment system in the UAE.
Goyal emphasized the future significance of Man-Made Fibre Textiles (MMF) and discussed the need for India to capitalize on Free Trade Agreements (FTA) with nations like Japan, Australia, and South Korea. Expressing concern over underutilization of FTA benefits in India, he encouraged maximiz...