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27.02.24 09:05

Economy

Indian Prime Minister says investment inflows in textile manufacturing doubled

Narendra Modi urged industrialists to adopt eco-friendly technologies

Indian Prime Minister Narendra Modi visited the largest textile exhibition Bharat Tex 2024 and declared the special importance of this manufacturing sector for the country's economy.

The leader said the textile sector is one of the four priority areas for employment and women empowerment. Modi added that under the present government, the country has witnessed a 25 per cent jump in textile production and the inflow of foreign direct investment in the sector has doubled, reports IANS, a partner of TV BRICS.

The Prime Minister urged the textile industry to adopt eco-friendly technologies, avoid the use of chemicals and use natural dyes.

Narendra Modi added that Indian industrialists have already held several exhibitions abroad to promote the country's textile products and will continue to do so in future to boost exports.

Photo: IStock

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Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

Ferdinand Marcos

President of the Republic of the Philippines

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Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

Vladimir Putin

President of the Russian Federation

"This forum, which has brought together leading representatives of the business communities of our country and the ASEAN member states in the hospitable capital of Tatarstan, Kazan, is of particular importance. This year marks the 35th anniversary of Russia–ASEAN relations. During this period, we have accumulated substantial experience in multifaceted cooperation, established strong ties, including between the Association’s Business Advisory Council and the Russia–ASEAN Business Council, and created a solid foundation for the future"

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Indian Prime Minister says investment inflows in textile manufacturing doubled

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