In a bid to strengthen bilateral relations and promote trade partnerships between India and the European Union (EU), the Europe India Centre for Business and Industry is organizing the EU-India Leaders Conference on July 5, 2023, at the European Parliament & AWEX in Brussels, Belgium. This highly anticipated conference aims to facilitate discussions on various cooperation measures for mutual economic benefit.
One of the key areas of focus at the conference will be achieving the ambitious textile export target of USD 100 billion by 2030. The shift in global supply chains, driven by the ‘China Plus One’ sentiment, has provided an excellent opportunity for Indian textile exporters to expand their presence globally and enhance their competitiveness. Leveraging these shifts, Indian manufacturers have demonstrated remarkable resilience, productivity, quality, and innovation.
The EU-India Leaders Conference, now in its fourth edition, will bring together distinguished personalities including EU Parliament members, business leaders, academics, and civil society representatives. The event aims to foster a stronger and more prosperous partnership between India and the EU by facilitating meaningful discussions on trade, investment, and diplomacy in the EU-India corridor.
During the conference, Pratik Gadia, Founder & CEO of The Yarn Bazaar, India’s leading B2B marketplace for yarn, will be a speaker and moderator for the session on EU-India textile cooperation and Free Trade Agreement (FTA). This session will involve key industry and policy leaders engaging in constructive discussions to drive EU-India relations in the textile sector and explore opportunities for further development.
Sujit S Nair, Chairman of the Europe India Centre for Business and Industry, highlighted the importance of closer trade relations between India and the EU for fostering economic growth and sustainable development in both regions. He emphasized that the conference aims to create an environment where policymakers, business leaders, and academics can explore new opportunities for collaboration.
Amit Lath, CEO & Managing Partner of Sharda Group of Industries, emphasized the need for greater engagement and cooperation between India and the EU. He outlined three courses of action to enhance EU-India ties: protecting against unwanted influence, promoting innovation and commercialization, and regulating and shaping through regulatory frameworks. Lath highlighted the opportunities for joint action and the potential benefits of closer ties in the current international and geopolitical context.
Pratik Gadia, representing The Yarn Bazaar, expressed enthusiasm about the conference, recognizing the exceptional occasion it presents for attendees to engage closely with influential decision-makers and subject matter experts. He emphasized the importance of cooperation between the EU and India, aiming to propel India’s textile industry into a dominant global player. Gadia expressed his commitment to revolutionizing the industry and helping India achieve its textile export target through problem-solving and collaborative efforts.
The EU-India Leaders Conference is expected to provide an ideal platform for knowledge sharing, networking, and exploring potential partnerships. It will pave the way for increased trade, investment, and technological advancements between the EU and India. The conference aligns with Prime Minister Narendra Modi’s vision of positioning India as a global powerhouse and Union Minister Piyush Goyal’s target of increasing textile exports to USD 100 billion by 2030.
By deliberating on critical issues, facilitating policy discussions, and fostering collaboration, the conference aims to unlock the tremendous potential for mutual growth and market access between the EU and India. The event signifies a significant step towards strengthening the bilateral relationship and achieving shared economic prosperity.
As India and the EU look towards the future, the EU-India Leaders Conference serves as a testament to their commitment to enhancing cooperation, trade, and investment opportunities. It is an opportunity to forge lasting partnerships and drive economic growth on both sides, ultimately benefiting the global textile industry