India can end up being a one-stop sourcing destination for fabrics for brands, sellers from ASEAN, says Smriti Irani New Delhi: India has potential to end up being the one-stop sourcing location for brand names and merchants from ASEAN as opportunities exist for fabric manufacturers from the 10-nation bloc to invest here and deal with the domestic market in addition to exports, Textiles Minister Smriti Irani said on Tuesday.Addressing a conference, the minister

stated India has strengths in production and exports of almost all sort of textiles and apparel consisting of all handloom and handicraft products that demonstrate the special abilities of the country’s weavers and craftsmens.”In the year 2016, India exported textiles and apparel worth $ 1,203 million to ASEAN and imported textiles and garments worth $ 546 million from ASEAN, “Irani stated, including that this is just a financial review to how we can go forward.”With capability to produce a varied series of products, India has the potential to end up being the one-stop sourcing location for brands and sellers of ASEAN nations,” the minister highlighted.She said there exists an opportunity for India to draw in fabric producers of ASEAN countries to purchase manufacturing in India to deal with both domestic market within the country and the export markets throughout the world. “I am hopeful that this is simply one of the lots of areas where we can take part and take advantage of our strengths,” Irani observed.< img src=" http://images.firstpost.com/wp-content/uploads/2017/10/Smriti_Irani_PTI.jpg"alt="File picture of Union minister Smriti Irani. PTI" width="380 "height= "285" > File image of Union minister Smriti Irani. PTI Attending to a workshop on India-ASEAN Weaving Textiles