Foreign entrepreneur participation highlight of InFashion

03 Apr '13

5 min read

In the welcome address to the participants FAITMA president and Chairman & MD, Siyaram Silk Mills, Ramesh Poddar, emphasized on harmony in textile value chain for the better growth of Indian textile industry. In his welcome address he said, “The growth of any industry depends upon the technological and managerial competence and the strategy for development of human resources. But, this is not all. It is also necessary to have cordial relationship with the suppliers of raw materials and other inputs and purchasers of the final product. The success of the textile industry in India depends upon the harmony in the entire textile value chain. India is among the few countries which are self- reliant to a great extent by having the full textile value chain within the country. We must take steps to strengthen the textile value chain in the country, by making a serious effort to maintain harmony in the value chain.”

Followed by which the sessions on the various topics for the profitable growth of the industry were well attended by the participants. Speakers from the various fields of the trade were quite confident with the thought that in next decade Indian Textile industry is going to set new bench marks as there are lot many opportunities to be grabbed.

Speaking on the occasion, Dr. P Nayak, Secretary, Textiles, Government of India said that, “we need to do a lot if we plan to perform better in the global market as well as in our domestic market. The government has decided to enhance our export by 20% per year. It is a difficult and challenging task of course. But the government has made a mission to accomplish our target of export up to $65 billion per year in the 12th five year plan 2012-17 “.

He reported that the government has allotted the sum of `243700 Cr. on TUFS. Its 46% goes to spinning mills. The rest 54% goes to various other segments as, processing, weaving, hosiery, etc.

Sessions like Way Forward for RMG, Merchandisers, Institutional Buyers’ Perspective and an interactive discussion among the experienced older generation and energetic young generation entrepreneurs was widely accepted and appreciated by the visitors. The discussion between two generation was largely the main highlight of the day as from manufacturers to retailers were the part of panel and discussed their success mantras how they pave the path of their growth with mix of experience and energy, specially in retail.

InFashion

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