From four European Union countries, representatives of 50 textile giants are going to visit country in February, so that they can identify the partners for outsourcing production, to collaborate in every stage of production in the textile industry from yarns to garments, as said by Rajamani Krishnamurti, Deputy Director of the Confederation of Indian Industry on January 02.
England, Germany, France and Hungary are the European players who are looking at outsourcing manufacturing in `technical textiles' such as bullet-proof vests, motor racing gear, fire fighter's suits etc
As per Deputy Director, even if 5% of the visiting European players agreed to enter the joint venture, business of about $30 million will be tuned on. Apart from them, manufacturers from Coimbatore, Karur, Tirupur, Bangalore and Mumbai will also participate.
Further clarified that the Europeans will be looking at small, medium and big manufactures who can deliver quality products on time and at the competitive price. So the manufacturers must exhibit the right attitude and impress upon the visitors that they will be able to deliver.
