Interview with Mr Arvind Singhal

Face2Face
Mr Arvind Singhal
Mr Arvind Singhal
Chairman
Technopak Advisors Pvt Ltd
Technopak Advisors Pvt Ltd

Technopak Advisors- a leading Management Consulting firm offering strategic advice, start up assistance, performance enhancement impetus, consumer insights and capital advisory, to leading Indian and International companies, operating in Retail, Consumer Products, Fashion (Textiles & Apparel), Healthcare, Hospitality, Food & Agriculture, Education, Entertainment and Real Estate sectors. Since inception in 1992, Company has offered services to have far reaching impact on client businesses. The team currently comprises 250 dab hand professionals from leading International and Indian engineering and management institutes. Operating from metros Delhi, Mumbai and Banglore, Technopak consults with clients across the world. In 2009, the company worked with 95 Clients across 160 projects, in 10 countries besides India, across 3 continents. An MBA in Finance & Marketing from University of California –US and a Bachelor in Engineering, Mr Arvind Singhal chairs the board at Technopak Advisors since 2002. He began with Technopak as an MD in the year 1991. His career started as a Management Trainee with DCM Group (Shriram Pistons & Rings) in 1979. Prior to joining Technopak, he has also been a Senior Vice President of Modern Suitings and Vice President Marketing (VXL India Ltd. – OCM Woolen Mills) during 1985 – 90. Mr Singhal is a very successful professional entrepreneur. His start-up venture Technopak Advisors is now one of India’s top-5 Management Consultancy firm. He is acknowledged as one of the foremost experts on the Indian and International textile, retail, and healthcare sectors and regularly addresses Indian and International conferences. He has also given guest lectures at various renowned Institutions in India e.g. IIM, Indian School of Business – Hyderabad, MDI (Gurgaon), NITIE (Mumbai), NIFT (Delhi), IIT, NID. IMT–Ghaziabad, Wharton (University of Pennsylvania USA), Harvard etc. Mr Singhal also is regular author of myriad Articles in various publications including a bi-weekly column “Marketmind” (more than 8 years) for Business Standard, as well as Hindustan Times, Economic Times, Business Today, Business World, Financial Express, DNA, Wall Street Journal etc amongst others. A philanthropist by nature, Mr Singhal along with his better-half are active in the work of society betterment through hand in gloves with various NGOs and organizations. In second appearance on Face2Face, Mr Arvind Singhal discusses with Ms Madhu So

It was back in 2006 that we had a discourse in this column. We are glad to welcome you once again. Obviously the industry has changed. How if we begin the talk with a glimpse on the current state of the textile and apparel sector worldwide?

•The global apparel & textile industry is recovering after the slump faced during the recessionary period of 2008-10.

•The growth in global population and sustained economic growth in the emerging countries will drive the trade of global T&A which is expected to reach USD 1 Trillion by 2020 from the current USD 510 billion.

•This increase in trade can also be attributed to the fact that consumption and manufacturing centers are different. Asia is the main manufacturing centre for textile and apparel; whereas US, Europe and Japan are still the major consumption centers.

•Although India and China are emerging as important consumption centres in the years to come, but developed nations will keep consuming more textile and apparel per capita and will be more and more dependent on sourcing these products from major production centres in Asia.

•Exports from developed countries such as USA, Europe, Korea, Canada has been decreasing, whilst the export volumes from emerging Asian countries as Vietnam, Cambodia, China, Bangladesh and India is increasingly growing.

•India will continue to capture a larger share of the exports pie as it leverages its cost competitiveness and other positive aspects like raw material availability, manpower availability etc.

How is the overall environment, especially from the investment point of view, in India?

The current environment is driven in the direction of greater investments and the industry needs to be fuelled further with more investments to achieve the target growth. Investments to the tune of USD 68 billion across the entire textile supply chain will be required by 2020 to tap the potential market created due to the growth of the industry fuelled by the domestic as well as the export markets.

Investments required in the garment sector by 2020 is to the tune of USD 14 billion and processing requires another USD 19 billion.

Apparel retail is better than other product categories in terms of ROCE (Return on Capital Employed) and hence the most attractive segment for retail investment.

There is substantial opportunity for investments in sectors like Technical Textiles for which domestic demand has been increasing in recent times.

Published on: 27/09/2010

DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.

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