Home / Knowledge / News / Textiles / 'India can be world's leading textile manufacturer'
'India can be world's leading textile manufacturer'
23
May '16
As China shifts its focus on manufacturing activities, India could soon replace it as the world's leading textile manufacturer, according to the President of South India Chamber of Commerce and Industry, Palani G Periyasamy. He also urged the domestic textile industry to focus on modernisation to remain globally competitive, The Times of India has reported.

"The textile industry has a remarkable future, but there will be a stiff competition in the global arena. One has to remain fit to grab opportunities. With China shifting its focus on manufacturing activities, India, currently the second largest textile manufacturing country in the world, could become the global leaders in this front in the coming decade. For this, manufacturers should concentrate on innovation, energy services, automation and online control to become globally competitive," Periyasamy said on the sidelines of the sidelines of Texfair 2016, a four-day exhibition for the textile industry, at the Coimbatore District Small Scale Industries Association (CODISSIA).

He said the textile industry should work to its potential by making the best use of special schemes announced by the central and state governments.

The four-day international fair, organised by the Southern India Mills' Association (SIMA), is showcasing modern developments in the industry. Speaking on the occasion, President of SIMA, M Senthilkumar, said "Textile mills on an average spend 2.5 per cent-3 per cnt of their annual turnover on spares and accessories and 4 per cent-6 per cent on modernisation. We hope that this fair would be an ideal platform for these mills to zero in on their requirements, meet all suppliers under one roof and plan their investments, cost cutting options and ways to improve their quality."

The 10th edition of event has 220 exhibitors displaying their products across 231 stalls. Major products on display are textile machinery, spares, accessories, testing equipment and electrical and electronic components.

The chairman of SIMA, Senthilkumar, said event features exhibitors from China and Italy, besides Gujarat, New Delhi, Goa, Maharashtra and Punjab. The fair which began on Friday, concludes today. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search