MoS textiles & MEA in Moscow as India eyes Russian textile market
Union Minister of State for Textiles and External Affairs, Pabitra Margherita, is going to Moscow from October 1 to 3 to improve India-Russia economic relationships. This was announced in an official statement on Monday.
During her visit, the minister will meet with officials from Russia’s Ministry of Industry and Trade and the Russian Union of Entrepreneurs in the Textile and Apparel Industry. These meetings are meant to build stronger cooperation in trade, industry, and textiles, and to find new ways for Indian and Russian businesses to work together.
She will also open the “Best of India – Indian Apparel and Textile Fair” in Moscow, which will run from October 1 to 3. The fair will be a special event where Indian exporters can meet buyers and increase their presence in Russia and other countries in the Commonwealth of Independent States.
More than 100 Indian companies are expected to take part, displaying a wide range of products like handlooms, handicrafts, home furnishings, carpets, linens, apples, and clothes. The event is expected to draw about 1,000 buyers from within Russia and around the world, giving Indian businesses a direct way to connect with important importers, wholesalers, and retailers.
The fair is being organized by the Handloom Export Promotion Council, according to the statement.
This trip shows India’s focus on growing trade and cultural ties with Russia. It also highlights how Indian textiles and clothing are becoming more important globally. These efforts will support better trade between the two countries, help businesses expand into new markets, and bring people in both countries closer together.
Russia is a big market for Indian textiles, with a total value of about $14 billion. There is strong demand for man-made fabrics, which is an area where India could increase its exports. A system to use the rupee and the rouble for trade between the two countries is being developed. This would allow businesses to trade without using the US dollar.
