Home / Knowledge / News / Textiles / Benchmarking exercise to improve profitability of mills

Benchmarking exercise to improve profitability of mills

10
Mar '10
Phiwayinkhosi Ginindza, Chief Executive Officer (CEO) of the Swaziland Investment Promotion Authority (SIPA), during the launch of the benchmarking exercise at Esibayeni Lodge remarked that, in relation to some of the aspects of production, the local textile and apparel companies are quite competitive, but there is still much scope for the factories for increasing profits by reducing cost.

He said that the Ministry of Commerce and Industry wished that the exercise would help in increasing the competitiveness of the local textile and apparel industry, which in turn would lead to sustainable employment opportunities for Swazis.

Ginindza divulged that, though initially many of the factories were not certain as to whether they wished to be a part of the exercise, but ultimately nine of them did participate, and praised them for the same. He also added that, he understands that it is not easy for any factory owner to lay their factories and its operations open for evaluation by a stranger.

Confidentiality agreements have been signed by TechnoServe with all the participating factories and also with the consultants, who were engaged to work on the project, he said, and added that this was done with a view to develop confidence amongst the factory owners regarding the process.

Ginindza said that as signified by the benchmarking exercise, some of the factory managers believed that people who are not hired by the factory could not in any way assist in adding value to the factory operations.

According to Ginindza, for those who have not participated, it was not a positive situation, as those factory managers missed a chance of having honest discussions regarding the modes for betterment of their operations and thereby of making profits.

He further added that, prospects of partnering with TechnoServe were currently being reviewed by the SIPA, which aims to introduce benchmarking as an annual exercise.

Fibre2fashion News Desk - India


Must ReadView All

Pic: XiXinXing / Shutterstock.com

E-commerce | On 11th May 2021

China's e-commerce logistics activities grow in April

E-commerce logistics sector in China showed moderate growth in April...

Pic: Phaustov / Shutterstock.com

Retail | On 11th May 2021

British retail company JD Sports acquires Manchester-based Oi Polloi

British sports fashion retail company JD Sports has acquired the...

Pic: Tufts University

Textiles | On 11th May 2021

Tufts University steps towards sustainability in leather by using silk

Scientists at the Tufts University School of Engineering have created ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Sandra Sequeira,

Sandra Sequeira

The JD Institute of Fashion Technology is the educational division of JD...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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


May 2021

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


Advanced Search