Bharat Tex: Global textile companies keen to invest in India

Prashant Agarwal, moderator of the session and co-founder/joint managing director of Wazir Advisors, conveyed the enthusiasm of global manufacturers for investing in India. They expect the Indian government to go into mission mode for the development of the required ecosystem. There is a collective desire within the textile industry for robust training facilities at reputable universities to equip the workforce and for the emergence of innovative setups.

Agarwal highlighted the significance of India demonstrating its commitment to meeting industry needs, as this would pave the way for substantial investments over the next five years.

Rohit Kansal from the ministry of textiles elaborated on the expectations of global manufacturers and outlined the government's efforts to create a conducive environment for businesses.

Representatives from prominent global companies such as Reisuke Aratani from YKK, Benny Pua from United Texmac, Stefano Loro from Aquafil, Robert Aantoshak from Gherzi USA, Gianluca Tanzi from Chargeurs PCC, and Sivakumar Narayann from Uster participated in the session.

Aratani stressed the importance of government support for the production of sustainable products, while Pua highlighted the dependency of raw material recycling on buyer acceptance and the crucial role of price dynamics in its success. Loro mentioned that Aquafil currently boasts 40 per cent recycled products in its portfolio.

Fibre2Fashion News Desk (KUL)