Fashion
VGRC in India’s Gujarat to attract FDI into Surat’s textile sector
State officials are hopeful of the conference helping accelerate the industrial development of South Gujarat by attracting large-scale investments.
The Vibrant Gujarat Regional Conference, scheduled to be held on May 1-2 in Surat, is expected to create direct connections between global buyers and local manufacturers, facilitate technology transfer and draw FDI into key sectors, including textiles.
Alongside the conference, the Vibrant Gujarat Regional Exhibition (VGRE) will also be held at the same venue from May 1 to 5.
A new state textile policy implemented in 2024 offers capital subsidies ranging from 10 to 35 per cent for new units and aims at expanding employment opportunities through value addition across the supply chain. The conference is expected to align state policy initiatives with industry requirements.
Alongside the conference, the Vibrant Gujarat Regional Exhibition (VGRE) will also be held at the same venue from May 1 to 5. The exhibition will also showcase the achievements of micro, small and medium enterprises, and handicraft and cottage industries, an official release said.
The last such conference was organised in Rajkot.
Fibre2Fashion News Desk (DS)