Home / Knowledge / News / Textiles / Dalmia speaks out on Union Budget 2007-2008

Dalmia speaks out on Union Budget 2007-2008

27
Feb '07
Sanjay Dalmia, Chairman, GHCL
GHCL Chairman Sanjay Dalmia speaking exclusively to Fibre2fashion:

Two things I would always like to see, growth always going up and secondly supply line.

Three hundred million people are availing the benefits. Their buying power has increased in all kind of goods and services.

They have additional saving power. Assuming others are not worth of by large, may be they all are not growing at the same rate as other three million people, in terms of their income level etc.

Point is the supply line for goods and services has to keep up with the rising expectations and rising spending power of this several million and everybody else.

That is what I would like to see in the budget and that has to neutralize the shortages and deficits happening, so that the price remains under control. That can be done by augmenting the supply. Not by restricting purchase. The moment you restrict the purchase, you immediately hit the growth.

I don't want to do that. I want to improve the supply line, both goods and services. So, that there is no inflation. If you can't do it internally, then you import.

You have got lot of foreign exchange. You can get it from wherever you can and augment the supply line for all these things that the three hundred million people are spending on. That is what I want a budget to sort of address.

Rest is all sectarian. In home textile, the industry has to work in paper to government where we can say that you can do this thing so that our goods can trace the track.


Must ReadView All

Pic: Shutterstock

Retail | On 21st Sep 2021

US clothing stores sales up 0.1% MoM, 36.6% YoY in August: NRF

Retail sales in the US increased during August as consumer demand...

Pic: Shutterstock

Apparel/Garments | On 21st Sep 2021

Research paper urges Kenya to cultivate new export markets

To diversify its exports and markets, Kenya should endeavor to raise...

Pic: Shutterstock

Textiles | On 21st Sep 2021

Pakistan's textile & apparel exports rise 28.67% in July-Aug ’21

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

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

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search