Home / Knowledge / News / Textiles / 'Pour investments into technical textiles' – Ms Singh at Texcellence 09
'Pour investments into technical textiles' – Ms Singh at Texcellence 09
17
Nov '09
The fourth edition of 'Texcellence '09', a conference focused on textile and allied sector was hosted in Ahmedabad between November 13-14 at the premises of the Ahmedabad Management Association, which was attended by a host of dignitaries from the government as well as the private sector.

The welcome address was given by the convener of the conference, Mr DL Pandya who introduced the august gathering on the dais which compromised of Ms. Panabaka Lakshmi, Minister of State for Textiles, Smt Shashi Singh, Joint Commissioner of Textiles, Mr Anand Parekh, President (Textile Division), Reliance Industries Ltd and Mr AR Garde, former Director of ATIRA and currently associated with ATIRA-AMA Centre for Textile Studies.

The inaugural session began with a special address by Mr Arvind Parekh. Mr Parekh began by saying that the economic slowdown was showing signs of retreating and signs of revival were beginning to show along with which he also spoke about the key challenges the textile sector was facing in present times.

He was particularly concerned of the profitability of the textile sector as a whole which was not more than 3-4 percent and return on capital employed was as low as 20-25 percent and said that there was no over-supply in the markets, but the market scenario displayed signs of an over-supply since per capita consumption was very low in India.

He also expressed apprehension over the fact that, India has signed or was in the process of signing a number of Free Trade Agreements (FTAs) with countries and regions, due to which the situation of oversupply could worsen further and also was uneasy over the fact that there was little to differentiate between textile products rolled out by different textile companies.

He was full of praise for the textile and apparel manufacturing capabilities of countries like China and South Korea, which he said had economies of scale, differentiation and efficiency along with which he gave a example of a stitching machine operator who could stitch 18-20 shirts per day in India, while his counterpart in China was delivering 28-30 shirts per day.

His biggest woe was that innovation was lacking in the textile and apparel sector which was visible in other sectors.

The next in line of distinguished speakers was Ms Shashi Singh, who delved out statistical data pertaining to the Indian textile industry and urged the industry to target the domestic market, along with focusing on new overseas markets and said that rural government schemes like NRGEA had done wonders to the economy of the rural areas, since it guaranteed employment to the rural population, which had led to disposable incomes in those areas.

She also stressed on the need for differentiation and also innovation in the textile sector and advised the industry to focus on new overseas markets like China which was big importer of textiles and also take advantage of the various FTAs signed with different countries and regions and not fear of an invasion of different products, since the FTAs also provided access to Indian manufacturers.


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Suresh Patel
Sidwin Fabric

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

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

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