India, Australia to cooperate in textiles, clothing and fashion sectors
New Delhi [India], June 22 (ANI): India and Australia will soon ink a Memorandum of Understanding (MoU) on cooperation in the textiles, clothing and fashion sectors between the Indian Ministry of Textiles and the Department of Foreign Affairs and Trade, Australia
The Union Cabinet chaired by Prime Minister Narendra Modi on Thursday approved the MoU with facilitate cooperation in relation to matters within the textiles and fashion sectors.
The participants will jointly identify appropriate measures to connect the Australian and Indian textile and fashion sectors; promote collaboration and international engagement between those sectors; nurture the skills and talents within those sectors; promote economic opportunities and encourage professional engagement, training, skill development and public exhibition of products derived from these sectors in the two countries.
However, Intellectual Property Rights of either side will stand protected.
The weavers including ancillary workers will be benefited from activities to be taken under MOU.
For overall development of handloom sector, the initiative aims to increase the handloom fabric production by way of establishing market linkages, to encourage innovation in designs and techniques for improvement in design capability, diversification of product lines and value addition, better access to domestic and export markets so that weavers are able to get continuous employment and improve their living standards.(ANI)