In his keynote address on Creating & Enhancing Stake Holder Value in a Mature & Competitive Industry, Enam Financial Consultants Chairman Mr. Vallabh Bhanshali stressed that value creation is a function of mind set.
The Congress also highlighted other key challenges before India, especially exploiting growth potential beyond its boundaries; as Raymond Group President Mr. Pradeep Bhandari said: “Growth can be primarily achieved by focussing on three core areas namely desire to control, ability to finance growth and having a risk appetite”.
“India's performance in the Textile & Clothing sector could see initially steady growth in 2007 / 2008 and then extra-ordinary in 2009 onwards growth, leading to more fundamental realignment of global textile and clothing manufacturing / trade patterns.”
The Congress called for Indian Government and industry to develop both short-term and long-term policies to capture opportunities so that the country emerges as a stronger player in the global textile and apparel trade.
Since January 2005, when the quotas on textile imports were lifted, world trade in the segment has undergone a number of changes, presenting buyers with almost limitless options in sourcing from the most efficient and cost-effective vendors across the globe. In just one year, Indian textile and apparel exports increased by 19 percent to US$ 16 billion.
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International Textile & Apparel Congress
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