In the post-crisis scenario of the textile industry, the focus on Fast, Flat and Free is inevitable. 'Fast’ indicates that, when the industry's performance is shaken, the revenue streams are more volatile and competition becomes hybrid and a ‘Fast’ change alone will sustain.
Considering the global and domestic competition, constant quick decision on the option of profit or growth, price or value, global or local decides the survival. Hierarchy has no place as leadership will shift to initiative, which means ‘Flat’.
In the context of 'Free', customers' expectations are many-fold and expect higher quality at a lower price. They have information at their fingertips to dictate terms to the producers and thereby the total textile manufacturing scenario is complex and requires new drive and initiative.
The CEO Conference aims at bringing together all the captains of the industry and CEOs of textile mills, including young entrepreneurs under one roof, to work out a strategy to manage the current crisis and prepare a roadmap for the future.
The keynote address will be provided by Mr Dilip Chenoy – CEO of NSDC and the special address will be given by Mr SV Arumugum – Chairman of CITI.
The event will witness three sessions. The first session will be on ‘Finance’ in which three experts from the financial sector will be addressing the delegates.
The second on ‘Value Addition & Diversification’ will have Mr Dilip Jiwrajka – MD of Alok Industries, Mr HS Bhaskar – CEO of Gokak Textiles and Mr Ramalingam – CEO of Shahi Exports Ltd delivering speeches.
The third and final session will be a panel discussion between members of ‘Committee of Young Directors’ from the textile industry.
Fibre2fashion News Desk - India