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Array of eminent speakers enthrall all at textile leadership seminar
07 Oct '09
5 min read
It was followed by a film show, originally conceptualized by the European Apparel and Textile Organisation (Euratex) on the development of automation in the textile and apparel sector, nicknamed 'Leapfrog'. The film featured the strides made in technology development in the textiles and apparel sector and which has the potency to laterally shift the manufacturing base from low-cost Asian countries, back to the developed economies.
Next on the agenda was a session on 'Aligning marketing with Business Strategy'. The first part of the session on 'Business Strategy' was presented by Mr Kaul. He began by saying that, “A business strategy goes right, only when implemented correctly” and discussed at length the current business scenario and the strengths and challenges the textile sector was facing. Mr Dave articulated the concept of aligning marketing strategy and also spoke about the potency of fabric retailing in India and how Arvind Ltd expected to touch a turnover of Rs 2.5 billion in that area.
The next speaker was Mr Samrat Som, who delved on the subject of 'Mass Customization of fashion apparel'. He took the spellbound participants right through from the days of evolution of fashion in 1845 in France and how slowly fashion evolved in to mass customization from 1845 onwards to current times.
The last and fourth session of day-1 was an informative panel discussion on 'Finance, Investment & Fund Management' which was moderated by Dr Jayanth Verma, Professor at IIM, Ahmedabad. The panel members were, Mr Nayan Parikh, reputed financial consultant and Mr Sandeep Gadkari of Amfin Finser (I) Pvt Ltd.
The panel discussed the problems the sector was facing in accessing credit at cheaper rates. Mr Parikh put across a suggestion of having dedicated banks to finance the needs of the industry and also lamented the fact that extending credit to the textile industry was not a priority for the banks and that the government should correct the anomaly.
Mr Gadkari noted that the finance managers of textile enterprises were facing challenging times in the current scenario what with banks going slow on disbursing credit to the sector along with the slowdown. He suggested captains of the industry to work out a sound financial model and that it should pressurize the RBI to allot funds to undertake a second or third restructuring. He also advised banks to think of innovative schemes to fund the industry.
Next on the agenda was a session on 'Aligning marketing with Business Strategy'. The first part of the session on 'Business Strategy' was presented by Mr Kaul. He began by saying that, “A business strategy goes right, only when implemented correctly” and discussed at length the current business scenario and the strengths and challenges the textile sector was facing. Mr Dave articulated the concept of aligning marketing strategy and also spoke about the potency of fabric retailing in India and how Arvind Ltd expected to touch a turnover of Rs 2.5 billion in that area.
The next speaker was Mr Samrat Som, who delved on the subject of 'Mass Customization of fashion apparel'. He took the spellbound participants right through from the days of evolution of fashion in 1845 in France and how slowly fashion evolved in to mass customization from 1845 onwards to current times.
The last and fourth session of day-1 was an informative panel discussion on 'Finance, Investment & Fund Management' which was moderated by Dr Jayanth Verma, Professor at IIM, Ahmedabad. The panel members were, Mr Nayan Parikh, reputed financial consultant and Mr Sandeep Gadkari of Amfin Finser (I) Pvt Ltd.
The panel discussed the problems the sector was facing in accessing credit at cheaper rates. Mr Parikh put across a suggestion of having dedicated banks to finance the needs of the industry and also lamented the fact that extending credit to the textile industry was not a priority for the banks and that the government should correct the anomaly.
Mr Gadkari noted that the finance managers of textile enterprises were facing challenging times in the current scenario what with banks going slow on disbursing credit to the sector along with the slowdown. He suggested captains of the industry to work out a sound financial model and that it should pressurize the RBI to allot funds to undertake a second or third restructuring. He also advised banks to think of innovative schemes to fund the industry.
Fibre2fashion News Desk - India
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