Interviews
'Thrust area for Indian textile sector is output & jobs'
20 Oct '14
3 min read
“Today the thrust area for textile industry is to increase production and employment opportunities in India,” Saurabh Patel, Minister in the Gujarat Government said at Texcon 2014 Conference organised by CII – an apex trade body.
He emphasised that the strength of Indian textile sector lies in ginning and spinning, while there is a need to focus on weaving and processing sectors.
“Also there is a need to give more thrust on the garment industry as it is a labour intensive industry providing more employment opportunities,” he added.
He also stressed on the point that the major issue of the textile industry is unavailability of skilled labour and for this the government, he said, is setting up skill development centres and Centres of Excellence.
Phani Choudhary, Secretary in the Bangladesh Ministry of Textiles and Jute said that the Bangladesh textile and apparel sector has grown at a CAGR of 15% in the last seven years.
“The factors leading to the high growth rate are competitive labour forces, innovativeness of entrepreneurs and MFA and duty free quota,” he noted.
He added, “Today the only challenge faced by the industry is to look into the occupational health and safety standards to reduce the accidents.”
Sunaina Tomar, Jt Secretary in Ministry of Textiles, Govt. of India said, “The key challenges faced by the textile industry are finance cost, land & environment clearances and labour reforms which need to addressed.”
“For this there is a need to focus on economies of scale, infrastructure, skill development, technology development and brand promotion,” she noted.
She also added that the government shall be focussing on linkage of fashion and handlooms in order to boost the handloom sector.
Thomas Varghese, Chairman, CII National Committee on Textiles and CEO - Aditya Birla Group was of the opinion that ‘Brand India’ is yet to make its presence felt on global brands and retail chains, which left a tremendous scope on the global platform.
Prashant Agarwal, Jt Managing Director at Wazir Advisors informed that from 1995 to 2013, the Indian textile and apparel sector grew at a higher rate of 9% against the 5% global growth rate, and in 2013, India became the second largest exporter of textile and apparel in the world.
“Also, Indian domestic consumption is increasing at a growth rate of 11% for last five years and a growing Indian economy, will lead to higher domestic demand and also exports, which needs establishing large integrated set-ups,” he added.
Jim Brett, President of West Elm Williams Sonoma Inc, USA said that India has unique opportunity and competitive edge over China in handloom and handicraft sector and skill development and vocational training programs will take India forefront to handloom and handicraft global market.
The conference was attended by over 200 participants with eminent speakers from companies like William Sonoma Inc USA, Reliance Industries Ltd, Birla Cellulose, LMW, Batliboi, Rieter and many more. (AR)
He emphasised that the strength of Indian textile sector lies in ginning and spinning, while there is a need to focus on weaving and processing sectors.
“Also there is a need to give more thrust on the garment industry as it is a labour intensive industry providing more employment opportunities,” he added.
He also stressed on the point that the major issue of the textile industry is unavailability of skilled labour and for this the government, he said, is setting up skill development centres and Centres of Excellence.
Phani Choudhary, Secretary in the Bangladesh Ministry of Textiles and Jute said that the Bangladesh textile and apparel sector has grown at a CAGR of 15% in the last seven years.
“The factors leading to the high growth rate are competitive labour forces, innovativeness of entrepreneurs and MFA and duty free quota,” he noted.
He added, “Today the only challenge faced by the industry is to look into the occupational health and safety standards to reduce the accidents.”
Sunaina Tomar, Jt Secretary in Ministry of Textiles, Govt. of India said, “The key challenges faced by the textile industry are finance cost, land & environment clearances and labour reforms which need to addressed.”
“For this there is a need to focus on economies of scale, infrastructure, skill development, technology development and brand promotion,” she noted.
She also added that the government shall be focussing on linkage of fashion and handlooms in order to boost the handloom sector.
Thomas Varghese, Chairman, CII National Committee on Textiles and CEO - Aditya Birla Group was of the opinion that ‘Brand India’ is yet to make its presence felt on global brands and retail chains, which left a tremendous scope on the global platform.
Prashant Agarwal, Jt Managing Director at Wazir Advisors informed that from 1995 to 2013, the Indian textile and apparel sector grew at a higher rate of 9% against the 5% global growth rate, and in 2013, India became the second largest exporter of textile and apparel in the world.
“Also, Indian domestic consumption is increasing at a growth rate of 11% for last five years and a growing Indian economy, will lead to higher domestic demand and also exports, which needs establishing large integrated set-ups,” he added.
Jim Brett, President of West Elm Williams Sonoma Inc, USA said that India has unique opportunity and competitive edge over China in handloom and handicraft sector and skill development and vocational training programs will take India forefront to handloom and handicraft global market.
The conference was attended by over 200 participants with eminent speakers from companies like William Sonoma Inc USA, Reliance Industries Ltd, Birla Cellulose, LMW, Batliboi, Rieter and many more. (AR)
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