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Please share with us your overview on the Indian textile industry. Which sectors are more profitable? What are the determinant factors? Any concerns that you would like to voice?
India is flourishing in Textiles and soon it will be
the largest in the industry in the World. The reasons or the determinant
factors behind it are -
Profitability is very high in all sections viz.
handlooms, suiting, shirting, dress fabrics, sarees, furnishings, technical
textiles, and so on, except the ones who don't hire technical consultants like
us. To be specific hiring any experts will help in sowing seeds of profits.
All this needs boosting from the Government and the
Textile bodies. Besides, exhibitions and product display fairs should be promoted
and well publicized. Even if there are Government aided Textile fairs there is
only one day advertisement in low saleable newspapers. In such a situation how
can it be successful! The entrepreneurs would want to visit or participate in
such exhibitions and events, but they are not made aware of these.
Even
though we have achieved 100% sales
concepts in ready-made garment sectors, there is no Buyer and Sellers meet for
other areas.
Once again I would say that the Textile
Industry is the best Industry for next 100 years after Farming. India will be
largest suppliers of Textiles to the World.
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Published on: 25/07/2012
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.