New Delhi, June 23 (KNN) The Union Cabinet has approved the Memorandum of Understanding (MoU) on cooperation in the textiles, clothing and fashion sectors between the Ministry of Textiles and the Department of Foreign Affairs and Trade, Australia.

The MoU will facilitate cooperation in relation to matters within the textiles and fashion sectors that may be of mutual interest and benefit to the participants.

 The participants will jointly identify appropriate measures to connect the Australian and Indian textile and fashion sectors; promote collaboration and international engagement between those sectors; nurture the skills and talents within those sectors; promote economic opportunities and encourage   professional   engagement, training, skill development   and   public exhibition of products derived from these sectors in the two countries. However, Intellectual Property Rights of either side will stand protected.

The weavers including ancillary workers will be benefited from activities to be taken under MOU.

For overall development of handloom sector, the initiative aims to increase the handloom fabric production by way of establishing market linkages, to encourage innovation in designs and techniques for improvement in design capability, diversification of product lines and value addition, better access to domestic and export markets so that weavers are able to get continuous employment and improve their living standards. (PIB Inputs)