Opening of Indian Mission in Lithuania will help expand India’s diplomatic footprint, deepen political relations and strategic cooperation, enable growth of bilateral trade, investment and economic engagements, facilitate stronger people-to-people contacts, allow for more sustained political outreach in multilateral fora and help garner support for India’s foreign policy objectives. Indian Mission in Lithuania will also better assist the Indian community and protect their interests, the Indian ministry of external affairs said in a media release.

“The decision to open a new Indian Mission in Lithuania is a forward-looking step in pursuit of our national priority of growth and development or ‘Sabka Saath Sabka Vikas’. Enhancement of India’s diplomatic presence will, inter-alia, provide market access for Indian companies and bolster Indian exports of goods and services. This would have a direct impact in augmenting domestic production and employment in line with our goal of a self-reliant India or ‘Atmanirbhar Bharat’,” the release added.

Textile exports account for 4.28 per cent of the total exports of Lithuania, amounting to $1404.84 million annually, according to Fibre2Fashion’s market insight tool TexPro. Russian Federation, Germany, Denmark, United Kingdom and Latvia are the top export destinations for Lithuania’s textile products.

As for the imports, Lithuania imports textiles worth $1531.09 million annually, mainly from China, Germany, Poland, Italy and United Kingdom, as per TexPro.

Fibre2Fashion News Desk (KD)