Latest news with #K.Sakthivel
The Hindu
5 days ago
- Business
- The Hindu
PDEXCIL to strengthen trade ties between India and Sri Lanka
The Powerloom Development Export Promotion Council (PDEXCIL) will strengthen trade linkages between Indian and Sri Lankan textile industries for a sustainable and long-term cooperation, said K. Sakthivel, its chairman, in a recent press release. A delegation of fabric exporters visited Sri Lanka recently to strengthen bilateral textile trade and improve industry collaboration. Mr. Sakthivel was recognised for his decade-long participation in Intex South Asia. The Indian team interacted with Sri Lankan textile importers, garment manufacturers, and trade associations, on enhancing sourcing of Indian fabrics and made-ups, facilitating B2B partnerships and direct trade channels, participation in textile trade fairs and buyer-seller meets, and logistics and market access improvement strategies. The delegation met the Minister of Industries, Sri Lanka, and discussed ways to explore collaborative initiatives between Indian and Sri Lankan industry players, such as joint ventures, skill development, knowledge exchange, and sustainable textile practices. It also met the High Commissioner of India to Sri Lanka in Colombo, when the Indian delegation presented the strength and diversity of India's textile industry, especially in powerloom products and home textiles. Chandrasekar, vice chairman of PDEXCIL, Bharath Chhajer, its Export Panel Convener, and senior members of Fabric Exporters Association representing India's leading fabric and home textile exporters were part of the delegation.
Fashion Value Chain
24-07-2025
- Business
- Fashion Value Chain
PDEXCIL Hails India–UK FTA as Powerloom Sector Gamechanger
The Powerloom Development and Export Promotion Council (PDEXCIL) has lauded the recently signed India–United Kingdom Free Trade Agreement (FTA) as a significant boost for the Indian powerloom and textile sector. Signed on July 23, the FTA offers duty-free access to over 99% of Indian exports, including key powerloom products such as cotton, synthetic, and blended fabrics, along with made-ups and home furnishings. Shri K. Sakthivel, Chairman of PDEXCIL, said: 'This agreement marks a new era for Indian powerloom manufacturers and exporters. The elimination of tariffs on key textile products will significantly enhance our sector's global competitiveness, allowing MSMEs to scale up exports and tap into premium markets across the United Kingdom.' The UK has long been a top export destination for Indian textiles. Under the new FTA, Indian exporters will gain zero-duty market access for a broad range of fabric categories, strengthening their position against global competitors. Key Benefits for the Powerloom Sector: Zero-duty access for cotton, synthetic, and blended fabrics Improved market entry for value-added goods such as bedsheets, curtains, and garments Scope for technology collaboration , skill development, and joint ventures with UK firms Alignment with national goals like 'Make in India' and 'Viksit Bharat 2047' Chairman Sakthivel praised the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi, and appreciated the efforts of Hon'ble Commerce and Industry Minister Shri Piyush Goyal, whose strategic negotiations ensured favorable terms for the textile industry. For more information, visit: | Contact: info@
