>>
Home / Knowledge / News / Textiles / 'Spinning new strategy on technical textiles a must' – Dr Ramkumar

'Spinning new strategy on technical textiles a must' – Dr Ramkumar

09
Jul '09
Dr. Seshadri Ramkumar
An "International Workshop on “Technology & Marketing of Technical Textiles”, was organised by TecniTex Nonwovens Pvt. Ltd., Bangalore and Texas Tech University, USA in Coimbatore on July 3rd, 2009 with major support from Sardar Vallabhbhai Patel Institute of Textile Management. 170 delegates attended the event, the majority from the industry. The inaugural address was delivered by Dr. Seshadri Ramkumar, Associate Professor at Texas Tech University, USA and also Co-Chair, INDA-India Committee, USA and a global expert on technical textiles and nonwoven technology.

He said, “When the world is in the grips of austerity, this conference is going to talk about prosperity, i.e., growth opportunities in the textiles sector. At the time that this conference is convening here in Coimbatore, reports from international economic bodies and the Government of India project grim pictures on the economy of developed nations and export numbers from India. Recent report from the Government of India shows that the exports in May 2009 dipped by 29.2% from the corresponding month in 2008.

“More importantly, in May 2009, exports dipped by 18.4% compared to April 2009. It is predicted that major markets such as the US and Europe will have less than 1% GDP growth in 2010. The important indicator for our textile industry is to keep a watch on the “consumer savings rate”. Textile industry in developing countries such as India and China are very much dependent on this particular rate as it indicates the availability of disposable income which is being spent by the consumer.

“Recent data on the savings rate in the US show that this number is over 16%, which clearly indicates that consumers are not spending much on non-essential items. Why is this important and relevant to our Indian textile industry? Exports to Wal-Mart, JC Penny, Mother Care and other international retail outlets are predominantly durable goods such as 6 piece terry towel set, other home textile items and commodity textile garments. With the high unemployment rate at over 9.5% in the USA, exports to traditional export markets are becoming saturated.

“In addition, the comparative advantage India had in terms of labour is getting eroded due to the competition from countries such as Vietnam, Bangladesh and Pakistan. Simply put, the changing economic order, globalization effect and shift in the consumer behaviour in developed nations are forcing countries like China, India and Eastern European nations to detour and seek opportunities beyond traditional textiles sector. These mainly involve;

1.Searching for new markets.
2.Utilisation of the existing infrastructure to develop value-added and high performance textiles.
3.Seize new opportunities in technical textiles products and invest in innovations and research & development.

All these aforementioned points are basically enhancing the existing infrastructure capabilities and infusing incremental investments to grow the new sector within the umbrella of the textile industry i.e., the growing technical textiles sector”.


Must ReadView All

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Pic: Shutterstock

E-commerce | On 24th Jan 2022

S Korea aims to be world's 5th biggest metaverse market by 2026

South Korea will cultivate 220 companies and 40,000 professionals...

Pic: Juan Moyano | Dreamstime.com

Textiles | On 24th Jan 2022

Coal export ban on 139 Indonesian firms lifted

Indonesia has allowed 139 coal mining companies to resume export...

Interviews View All

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

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

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Dr. Catherine Tubb,

Dr. Catherine Tubb

Created in 2018 to investigate the risk of market failure related to...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

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

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

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

ESTEEMED CLIENTS

Huntsman (Singapore) Pte Ltd
Bluestem Global Sourcing Limited
Sportswear Company Spa
Puma
Vianney Textil Hogar S.A. De C.V.
IDH – The Sustainable Trade Initiative
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
The LYCRA Company Singapore  Pte. Ltd
Helly Hansen Far East Ltd
Gokaldas Exports Limited
MAS Active / MAS Kreeda / MAS Bodyline
J ;& P Coats
G-Star Raw C.V.
Hela Clothing Pvt Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Cat Tuong Real Estate Group Joint Stock Company
Lenzing Aktiengesellschaft
Midas Clothing Limited
Calvin Klein
H;&M Hennes ;& Mauritz (Far East) Ltd
Restoque S.A.
Page Industries Limited (Bangalore)
Splash
Rayonese Textile Inc., Division de Culp Inc.
Seasalt Limited
Target Corporation (MN)
Chico’ FAS
Groz-Beckert East Asia LLP
Amazon China
Chori Company Limited
NITI Aayog
Brandix Lanka Limited
Under Armour Global Sourcing Ltd
C;&A Sourcing International Ltd
Varner AS Retail
BIANCA
KAS Direct Sourcing
Grasim Industries Limited
SYNERGIES HONG KONG LIMITED
THE BOMBAY DYEING ;& MFG.CO. LTD
Babyshop
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
IKEA of Sweden AB
Permoda(Koaj/Armi/Pronto/Bkul)
BIMBA ;& LOLA SL
John Varvatos
Aquarelle Clothing Limited
Aramark Uniform ;& Career Apparel, LLC
Lacoste (Wanchai)
Gloria Jeans
Walmart
Lululemon Athletica Inc
Truetzschler India Private Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Lifestyle
Gap International Sourcing Limited
Arvind Limited
Landmark Group
Vardhman Textile Ltd
Gatsby Africa
Lisa S.P.A.
SHAHI Exports Pvt Ltd
Hirdaramani International Export Private Limited
Esprit Europe Services GmbH
KIABI
International Textile Manufacturers Federation
Recron Polyester from Reliance Industries Limited
Tchibo GmbH
Alison Hayes Romania
Green Fibre
Boardriders Asia Sourcing Limited
Desigual - ABASIC, S.A.
Abit
Rosset ;& Cia Limited
Decathlon
Maceton Limited
PVH Corporation
Reiter India Private Limited
TESCO INTERNATIONAL SOURCING LIMITED
Sainsbury's Argos Asia Limited
The Top Form Brassiere Manufacturing Company Limited
Alix Partners
Tory Burch Hong Kong Ltd
LC Waikiki
OVS Hong Kong Sourcing Ltd.
Phong Phu international JSC (PPJ)
Benetton Group
Asos
Etam Group Strategy Hong Kong Limited
Tommy Hilfiger

January 2022

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


Advanced Search