Home / Knowledge / News / Apparel/Garments / Indian retailers must invent new technologies: Minister
Indian retailers must invent new technologies: Minister
10
Aug '13
The retail industry must take the lead in inventing new technologies to meet the rising aspirations of the Indian consumer, Mr. KV Thomas, Minister of Consumer Affairs, Food & Public Distribution, has said.
 
Inaugurating Massmerize 2013, organized by FICCI with the support of Ministry of Consumer Affairs, Food & Public Distribution, Government of India, the Minister stated that in the digital era there was an urgent need for Indian industry to adapt and harness the power of new technologies and reap the advantage of cheap labour, and intelligent workforce and a market of over a billion Indian people.
 
The theme for this year’s Massmerize conference was ‘Consumerism in digital era’, which highlighted the transitions observed in the industry with advent of technology and new innovations.
 
Speaking at the conference, Mr. Thomas said, “We live in a global village. It is a vast canvass out there for you to explore. Therefore, I want Indian industry to think more, to aim high and to reach for the stars. The world must look to us for emerging and newer brands that the world can bank on.”
 
However, expressing a concern, he said, “I would expect Indian industry to live up to the expectations of the people who look up to them for goods and services at a price that they can afford. The consumer behavior is experiencing consumer technologies.”
 
While speaking on ‘Consumer is the king – How to serve them better!’ Mr. Pankaj Agrawala, Secretary, Ministry of Consumer Affairs, Food & Public Distribution, said the Ministry was in the process of setting up an inter-ministerial committee to look into unfair trade practices and formulate a framework to curb the menace.
 
Ms. Naina Lal Kidwai, President of FICCI, said, “Increasing incomes, growing urbanisation, digitalisation and exposure to global trends are giving rise to an evolved consumer base and meeting consumer aspirations is now the key focus of the Industry.”
 
“India is slowly picking up in the trend of becoming digitally active in the ways of communications to consumers, on account of increasingly growing internet penetration in both urban and rural areas,” she added.
 
She said digitally active consumers have embraced the Internet, telecom, media, and social space, changing the way they communicate, transact, and make purchase decisions, thus giving rise to digital consumerism, and retail companies are capitalising on these changing trends.
 
 

Must ReadView All

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Textiles | On 8th Dec 2016

Taiwan’s Everest Textile to invest $18.5 mn in US

Everest Textiles USA, a unit of Taiwan based Everest Textile Company, ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search