Ad Here  
January
February
March
April
May
June
 
 
Textiles: a stitch in time ‘Swachh’ city... Marching Towards Navratna High sugarcane prices crush industry Indian majors’ industrial hub Weaving knowledge and wealth Aavin leads second milk revolution Silk city to auto city Knitting for the globe I scream... Safe bet on solar All that glitters… Bland skies henceforth? LMW: Spinning Success... Dynamic pricing is so destructive! Largest blast furnace at Burnpur Powering industrial dreams... Manpower for plastics... Changing face of Bhiwadi Cognizant to buy out TRiZetto for US $ 2.7 Bn The year of resurgence... Tap the big land resource On the banks of Bhavani Pearl city to port city Focus on increasing ethanol production... Crafting spaces to excellence Windfall in locked lands To make companies TN their home... Power position brightens Samarapungavan and Sankarabharanam Ports-gateways to trade... When Chennai caught up with Petro-boom... Unique Tirupur water supply scheme Bitter state of the sweet sector Amazon runs into trouble with Karnataka government Changing horizons.... The city never sleeps Rise and fall of India’s calcium carbide industry Farmer’s Friend A positive sign for Make In India Yen for research and development Growing industrial outpost Schwing Stetter forays into tower crane business The Indian punch to global FMCG giants! Bonanza in locked lands... TEAM BUILDING AND NURTURE LEARNING… Chaos at Chettinad house Queen of industrial clusters Automatic cars zip ahead... Radiant Rajasthan... Our own Silicon Valley Platinum years of engineering innovation, building skills... Tractor Industry in low gear TN lost several Tata projects… A silent revolution at Sowripalayam Water, water everywhere… Weaving wealth... No break for growth... Kalinga Plant ready to ROLL Needed – a strong machine tool industry Health insurance on growth curve Give fridges and washing machines free... Sugar as a byproduct of sugar mills… Mediville amidst a modern industrial complex Centre of modern industrial temples
 
Textiles: a stitch in time

The new government has brought hope of a revived economy. Various sectors are looking for a facelift with better opportunities and newer avenues for expansion. IE presents a review of sectors and what they look forward from the new regime.

Textile is one of the traditional industries. Striding through various technological and political shifts the industry has been through various phases. Arvind Sinha, National President, The Textile Association (India) briefs. Excerpts from the interview.


Industrial Economist (IE):  With the passage of 67 years of independence, how has your sector fared till now?

Arvind Sinha (AS): Textile Sector has fared reasonably well and has seen major ups and downs in the last 67 years. However we have to accept the fact the real growth has started only after Independence. Textile industry is the second largest employment generator after agriculture. There is a huge scope of expansion now though some opportunities were missed to other countries such as Bangladesh, China, and Vietnam. With the new government there is a tremendous positivity among the buyers, overseas and also in domestic market. Governance is looking very positive and dedicated to the public welfare. We are sure if this continues we will see great results.


IE: Do you expect any rapid transformation to take place in your sector in the next ten years?

AS: Yes, we are expecting great results in ten years’ time. The government policies are in right direction. The Prime Minister wants India to be a manufacturing base and I am sure Textile Sector will give maximum support to achieve this target.


IE:   Do you foresee any limitations in your sector?

AS: We don’t foresee any limitations in our sector; in fact we have big advantages such as trained manpower, availability of cotton and polyester fibre in huge quantities.  Spinning sector has grown very large and now the focus is on garmenting and weaving.  We need to improve our processing facilitiesand capacities considering the world as market.

 

IE: Any suggestion for the new government to improve upon with respect to your sector?

AS:  Loans at cheaper interest rate should be available to the manufacturers. We should also get incentives for opening new markets. Since there is a great focus on BRICS region there should be special promotion policy for Textile Sector.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com