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Indian textile & apparel sector to grow $141 bn by 2021
26
Jul '12
The 8th Technopak Leadership Forum on Fashion- Textiles and Apparel was successfully conducted on 24th July 2012 at ITC Grand Central in Mumbai. The daylong event saw the presence of the who’s who of the Textile & Fashion industry sharing their wide expertise in this field, as they joined Technopak for panel discussions on various issues relevant to the Textiles industry.

Mr. Arvind Singhal, Chairman of Technopak Advisors welcomed the guests and also moderated the first session of the day on the theme of India’s Textile & Apparel Industry: Strategy for a stronger and more profitable growth.

Some of the renowned panellists and speakers were: Mr. Bashir Ali Mohammad, President- ITMF & Chairman- Gul Ahmed Textiles Mill; Mr. Dilip Jiwrajka, Managing Director, Alok Industries Ltd; Mr. S.K.  Gupta, Group CEO Raymond UCO Denim Pvt Ltd; Mr. Rakesh Biyani, Joint Managing Director, Pantaloon Retail (India) Ltd; Mr. Ashish Dikshit, CEO of Madura Fashion & Lifestyle; Mr. Shailesh Chaturvedi, Managing Director & CEO, Tommy Hilfiger; Mr. Rajesh Mandawewala, Managing Director, Welspun India Ltd; Mr. Amir Akhtar CEO, Lifestyle Fabrics, Denim, Arvind Mills Ltd; Mr. Rajiv Malik, Managing Director- International Sourcing & India Retail Development, GAP Ltd; Mr. Sunil Porwal, Principal Secretary – Textile, Govt. of Maharashtra, to name a few.

On this occasion, Mr. Amit Gugnani, Senior Vice President of Fashion- Textiles & Apparel division of Technopak said “The changing dynamics of global Textile and apparel (T&A) trade provides a very strong opportunity for the Indian T&A industry. The expected growth in the domestic market from the current levels of USD 58 Bn to expected levels of USD 141 Bn by 2021 itself makes the overall opportunity very promising”. Adding to this thought, Mr. Gul Bashir Mohammad said “it is a very interesting time. India will have to take the lead in Textile & Apparel sector”.

Mr. Ajay Amalean, the Director of MAS Holdings, who was one of the speakers at the event, was very optimistic and said “I see India as bullish market. People need to find a hybrid solution in terms of differentiation, execution and satisfying consumer demands”.

Through the Technopak Leadership Forum, Technopak was instrumental in bringing the key stakeholders in the Textile and Apparel Industry on the center stage and addressed some of the relevant issues prevalent in the Textiles & the Apparel Sector. The themes that were largely covered were: Changing Face of South Asian Textile & Apparel Industry; Strategies for Managing Profitability and Growth in Apparel Retail; De-leveraging the Indian Textile Industry; What Next for Indian Textile and Apparel Industry and some initiatives by the Maharashtra Govt.

The Technopak Leadership Forum has been designed as an ‘only by invitation’ thought leadership conference for the various sectors relevant to Technopak, like, Fashion- Textile & Apparel, Retail, Healthcare etc. The forum is a platform for a select group of about 150 leaders of the industry to brainstorm, share and gain key insights into the present and future of this resurging, dynamic sector.

Technopak

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