Conference outlines roadmap for building a new age textile industry

Excerpt: FICCI organised its 10th edition of Annual Textile conference 'FICCI-TAG 2018' with the theme 'Building the New Age Textile Industry' at Hotel Vivanta, Mumbai recently.

FICCI organised its 10th edition of Annual Textile conference 'FICCI-TAG 2018' with the theme 'Building the New Age Textile Industry' at Hotel Vivanta, Mumbai recently.

Inaugurating the meet, Mr Arjun Khotkar, Minister of State for Textiles, Govt. of Maharashtra said that Maharashtra, which currently lags in silk production, will become the exporter of silk in next 5 years. This is due to new textile policy of the government which provides various incentives and support for the promotion of the sector.

Mr Arjun further said, “Currently we import 8000 metric tons of raw silk due to higher demand and shortage of silk production in India, however, Maharashtra alone will be able to wipe out this deficit and export raw silk in next 4-5 years”. He added that “After the huge success of Nandgaonpeth Textile Park in Amaravati, Maharashtra government will set up nine more textile parks in the state on the theme of cotton to cloth, farm to fashion, which will be engines of job creation in the state”.

Mr Ajit B Chavan, Secretary and CEO, Textiles Committee said “Climbing up the quality value chain and ensuring complete compliance to domestic and international requirements of sustainability is the only key to success for the Textiles industry of India. The sooner industry learns and accepts it; faster would be the process of harnessing its rightful potential.”

Earlier welcoming the delegates and attendees, Mr Suresh Kotak, chairman, subgroup on textile and technical textiles, FICCI-MSC said that ultimately all industries should focus and address the environment preservation. He also talked about the resurgence of natural fibres.

Dr M R Ravi, Commissioner for Textile Development and Director of Handlooms and Textiles, Government of Karnataka shared the state government's initiatives with regards to the development of textile and garment sector and how the incentives and benefits of upcoming textile policy of Karnataka will strengthen the Textile industry in Karnataka.

Giving the theme presentation Mr Prashant Agarwal, cofounder, Wazir Advisors, highlighted some of the new age trends that the industry needs to focus for the growth of the industry. These are the golden times for the garment industry with the most favourable policies and subsidies being given by almost all the State Governments. Giving the key trends shaping the Global T&A industry, he said that: Analytics and automation is the key for business sustenance; Dynamics of demand and supply are changing globally; Growing focus on service orientation and High growth categories. In the end he talked about how India can gear up for the new age textile industry.

Technical sessions

Three technical sessions were held on different topics. The first session focused on 'Adopting innovation & technology to enhance industry positioning' and was moderated ably by Mr Avinash Mayekar, MD & CEO, Suvin Advisors. The speakers were Mr. Manohar Samuel, Senior President - Marketing, Birla Cellulose, Mr. Debabrata Ghosh, General Manager - Sales, Oerlikon Textile India and Mr. Sunil Kume, Sr. Manager, Product Management Team (PMT), MCX India.

Session II focused on 'Aligning overall textile value chain with the global demand' and was Moderated by Mr. Prashant Agarwal, co-founder and jt. MD, Wazir Advisors. The speakers who gave lectures were Mr. Rajendra K. Rewari, Executive Director & CEO, Morarjee Textiles, Mr. Ajay Arora, Managing Director, D'decor Home Fabrics, Mr. Aniruddha Deshmukh, MD & CEO, Mafatlal Industries, Mr. Arvind Mathur, Chief Executive Officer, Raymond UCO Denim and Mr. Anil Biyani, Executive Director, Damodar Industries Ltd.

Mr. Ashish Dhir, Director, Wisedge Consulting moderated the third Session which was a panel discussion on 'Enhancing competitiveness and attracting investments'. The panelist who spoke were: Mr. Mihir Parekh, Directo - Mega Textile Park, Government of Telangana; Mr. Hetal Mehta, President , SGCCI and Chairman -SETU Foundation; Mr. Sasanka Aich, Head of Business, Nandan Terry; Dr. M K Talukdar, Consultant, Kusumgar Corporates and Mr. Sumit Gupta, Deputy Director, Standard Development & Quality Assurance, Global Organic Textile Standard.

Mr Arjun Khotkar also released the FICCI-Wazir Advisors report on Building a New Age Textile Industry during the seminar.