The trade war between USA and China has provided a good opportunity to
India in the textile sector, convenor of Indian Texpreneurs Federation
Prabhu Dhamodaran said Saturday. With the global export of textiles pegged
at USD 260-billion, the export from China to US has gone down by three to
four per cent in the last five months, which has to be cashed in on by the
Indian textile manufacturers, he said.
Dhamodaran was speaking after inaugurating the 2nd edition of the National
Textile Conclave aimed at creating awareness and spreading the principle of
Japanese ‘5S system’ (which stands for: order, cleanliness, purity and
commitment), and quality circle principles.
The conclave was organised by Quality Circle Forum Of India (QCFI) here.
He further said manufacturers have to shift their focus to value-added
products in apparel segment and large-scale apparel manufacturing, which
would reduce the cost in basic commodity apparels.
Increase by one-billion dollar export from India would help in generating 1.5
lakh new jobs, he said. Prabhu said there was a need to strengthen the Tamil Nadu textile sector by achieving manufacturing excellence, consistent
quality, and continuous improvement to match the moving benchmarks.
QCFI executive director D K Srivatsava said the national convention of the
forum would be held here in 2020. In his address, CEO of IDFC
(Infrastructure Development Finance Company) Dr N S Rajan said happy
employees deliver 30 per cent more productivity, two times more innovative
solutions, which lead to less attrition in the organisations.
Source: The Financial Express, India Monday, 29 July 2019