Mr Rajesh Bhagat, MD, Worldex India, explained to the delegation, “this was the appropriate time to invest in India. Most Indian companies have doubled capacities in the recent past emphasising their confidence in the post-quota era. India has inherent strengths that other countries do not have. Like, India produces some excellent embroideries; we produce some fine count fabrics; there is a lot of design and innovation, value additions and we do small quantity job lots too, which China cannot do. Besides, we have a large skilled labour force and excellent craftsmen. There were some apprehensions earlier, but now Indian manufacturers are confident about themselves. We have our own strengths and we are working on it, rather than worry about competition from China.”
The second day was equally exciting with two seminars held by Mr Justin Huang, General-Secretary, Taiwan Textiles Federation, Taiwan and Mr Stephen Higginson, Director, ITBD, and Editor, International Textiles, drawing large crowds and huge praise for presenting innovative ideas and thoughts.
Taiwan's advantage
Addressing the first seminar, Taiwan's Advantage in Innovative Textiles, Mr Huang said, “India is a good reason for investors in Taiwan to think about. Because, it makes sense for manufacturers in Taiwan to relocate to areas that get preferential treatment as a means to gain access to markets in this competitive world. For example, India for one has a better relationship with Europe and is now forging new relationships with the US. By combining the strengths of both India and Taiwan, we can together tackle the global market.”
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