Interviews
6th edition of 'Texcellence 11' begins in Ahmedabad
05 Aug '11
6 min read
“The other big challenge has been posed by the availability or shortage of labour. Growth of remunerative alternative employment opportunities and government schemes has led to a serious shortage of labour across all textile hubs of India.
“However, many new opportunities too have emerged. The GDP growth recorded by the Indian economy has the capability to attract larger foreign direct investment (FDI). The second big opportunity will emerge as and when FDI is opened up for investments in the retailing industry, which will also play a significant role in the Indian economy.
“Opening up the retail sector, will mean huge developments in technology, improving cost-efficiencies of the entire supply chain, increase in product development, rise in employment opportunities and many other benefits. All this will lead to a hike in consumer demand, which has the possibility of having a multiplier effect on the economy. It will also mean the revamping of the whole retailing sector not witnessed in the last 15 years.
“The other big opportunity may come from the economic agreements signed between India and other countries and regions. We already have a neighbourhood agreement called SAFTA. The other agreement; ASEAN is becoming more vibrant with the onset of each year. The FTA with Japan too has been implemented from August 1, and many more are on the way. All these economic agreements are going to create a lot of energy in the Indian industrial sector and bring in a positive churn”.
He lamented on the fact that margins across the Indian textile industry were not more than 5% in the last fiscal year, while EVITA was not more than 10-12% and EVITA too had not gone beyond 15%.
He concluded by advising all in the conference to innovate. He said, “Innovation has to come on multiple fronts. Innovation has to come in work practices, product development, cost of services, services offered or even talent management”.
Mr Negi the next speaker gave an overview of the progress of Pradip Overseas Ltd, which has grown at an outstanding growth rate to become a leading home textiles exporter from India.
Pradip Overseas was established in 1980 and was trading in the domestic markets initially. However, now it has now become a leading exporter in the country. The company started its own process house in the year 2003. After getting tremendous response in the processing sector, Pradip set up a weaving plant. Another process house too is under construction.
The corporate vision of Pradip Overseas sensed a trend and prepared itself to compete by strategic investments in putting up a wider width fabric processing plant, with printing and finish width of up to 130 inches. The company has its own stitching unit equipped with the latest Japanese machines with a capacity to stitch 300,000 units per month.
In a very short spell, the company achieved great success with leading garment and made-ups buyers across the globe and emerged as a supplier of choice.
“However, many new opportunities too have emerged. The GDP growth recorded by the Indian economy has the capability to attract larger foreign direct investment (FDI). The second big opportunity will emerge as and when FDI is opened up for investments in the retailing industry, which will also play a significant role in the Indian economy.
“Opening up the retail sector, will mean huge developments in technology, improving cost-efficiencies of the entire supply chain, increase in product development, rise in employment opportunities and many other benefits. All this will lead to a hike in consumer demand, which has the possibility of having a multiplier effect on the economy. It will also mean the revamping of the whole retailing sector not witnessed in the last 15 years.
“The other big opportunity may come from the economic agreements signed between India and other countries and regions. We already have a neighbourhood agreement called SAFTA. The other agreement; ASEAN is becoming more vibrant with the onset of each year. The FTA with Japan too has been implemented from August 1, and many more are on the way. All these economic agreements are going to create a lot of energy in the Indian industrial sector and bring in a positive churn”.
He lamented on the fact that margins across the Indian textile industry were not more than 5% in the last fiscal year, while EVITA was not more than 10-12% and EVITA too had not gone beyond 15%.
He concluded by advising all in the conference to innovate. He said, “Innovation has to come on multiple fronts. Innovation has to come in work practices, product development, cost of services, services offered or even talent management”.
Mr Negi the next speaker gave an overview of the progress of Pradip Overseas Ltd, which has grown at an outstanding growth rate to become a leading home textiles exporter from India.
Pradip Overseas was established in 1980 and was trading in the domestic markets initially. However, now it has now become a leading exporter in the country. The company started its own process house in the year 2003. After getting tremendous response in the processing sector, Pradip set up a weaving plant. Another process house too is under construction.
The corporate vision of Pradip Overseas sensed a trend and prepared itself to compete by strategic investments in putting up a wider width fabric processing plant, with printing and finish width of up to 130 inches. The company has its own stitching unit equipped with the latest Japanese machines with a capacity to stitch 300,000 units per month.
In a very short spell, the company achieved great success with leading garment and made-ups buyers across the globe and emerged as a supplier of choice.
Fibre2fashion News Desk - India
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