The Indian textiles industry has enormous opportunities for domestic as well as international investors, given its consistent growth performance, abundant cheap skilled manpower and growing domestic demand. With time, India has surged ahead of other countries and positioned itself as a value-added manufacturer with a varied material base, an educated and English-speaking class of executives with high product development and design orientation. Innovation is a key factor to operate successfully in any market.
Technology is the making, modification, usage, and knowledge of tools, machines, techniques, crafts, systems, methods of organization, in order to solve a problem, improve a pre existing solution to a problem, achieve a goal or perform a specific function. It can also refer to the "collection of such tools, machinery, modifications, arrangements and procedures". The human species' use of technology began with the conversion of natural resources into simple tools.
Technological advances made during the Paleolithic era were clothing and shelter; the adoption of both technologies cannot be dated exactly, but they were a key to humanitys progress. As the Paleolothic era progressed, dwellings became more sophisticated and more elaborate; as early as 380,000 BC, humans were constructing temporary wood huts.
About the Authors:
M. Usha is a Lecturer at the Department of Management (UG) at the Karpagam University, Coimbatore.
Dr. M. Nandhini is an Assistant Professor at the Department of Management (UG) at the Karpagam University, Coimbatore.
Dr. P. Palanivelu is the Controller of examination at the Karpagam University, Coimbatore.
This article was originally published in the Textile Review magazine, December, 2012, published by Saket Projects Limited, Ahmedabad.