The State Government of Gujarat has inked MoUs with Intimate Apparel Association of India (IAAI) and Clothing Manufacturers Association of India (CMAI), during a roadshow for Vibrant Gujarat 2019, to endorse garment and textile sectors.
Notably the 9th Vibrant Gujarat summit will be held from January 18-20, 2019, in Gandhinagar. The State Government is expecting an even better response this year. “We expect delegates from 110 countries this year,” Vijay Rupani, Chief Minister of Gujarat, said.
The 2018 edition witnessed participation of more than 30,000 delegates from 100 countries who had signed 25,000 MoUs in various sectors. At the upcoming edition, 25,000-30,000 of MoUs are expected to be signed.
Also, the CM said that Government is determined to announce the new textile policy before the summit, to attract more investment in the sector.
The previous editions of the summit have witnessed investments from big guns. For instance, Welspun had pledged to invest Rs. 2,000 crore in setting up an integrated textile manufacturing zone in Gujarat. Similar or even bigger gains are expected next year.