“India is going through exciting times with the interest factor at its highest,” said Mr Gautam Singhania, Chairman and Managing Director, Raymond Ltd, who was the guest of honour. The company has invested some Rs 800 crore under the Technology Upgradation Funds Scheme and this will lead to 5,000 more jobs in turn, supporting over 20,000 people, emphasised Mr Singhania.
“India has many inherent advantages being one of the major engines of growth at present is the textile industry,” noted Mr Singhania. He said that post quota, many were apprehensive of China, but we have got our strengths. For example, China will have the quantity end of business, while we will be quality-driven. They will have volume, we will have value.
CMAI President
Mr Premal Udani, President, CMAI, said, “this is the first-ever trade fair of its kind, an attempt to give exposure to showcase their best products. Intex is happening at a time when India is positioned to fulfill the vital sourcing needs of the entire world and has emerged as a major manufacturing center for apparel, especially after the dismantling of quotas earlier this year. The non-quota regime has opened the world before us and there is explosion in demand. Exports are slated to rise from the present $7 billion to $50 billion by the year 2010 increasing India's share in the world's textile trade from the current 4 percent to 8 percent by then. To cater to this demand, we need vast varieties of fabrics. And Intex is just that platform which will expose Indian manufacturers to fabrics and accessories from 12 countries to provide that value addition and at the same time will provide exposure to Indian participants before buyers coming from across the globe.”
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