Cabinet approves MoU with Australia on Co-operation in textiles to boost trade

Posted by Daily Shipping Times on 29-06-2017        Tweet

NEW DELHI: In order to boost the textile and handloom sector, the Cabinet has approved a memorandum of understanding (MoU) with Australia on cooperation in the field of textiles, fashion and clothing.

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the MoU on cooperation in the textiles, clothing and fashion sectors between the Ministry of Textiles and the Department of Foreign Affairs and Trade, Australia, an official statement said recently.

“The MoU will enable cooperation with regards to matters within the fashion and textiles sectors which may be of mutual benefit and interest to the participants,” it added.

The participants will mutually identify some appropriate measures to link the Indian and Australian fashion and textile sectors; promote partnership and international engagement between these sectors; nurture the talent and skills within the sectors; promote the economic opportunities and encourage professional engagement, skill development, training and public exhibition of the products derived from those sectors in both countries.

“However, the Intellectual Property Rights (IPR) of both the sides will stand protected,” the statement said.