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CEO Conclave: Discusses the strategies for reviving confidence in textiles

"Organised by DFU Publications with Textiles Association (India) as the knowledge partner, The CEO Conclave-Investment and Partnership Summit concluded on an optimistic note. The two day event held on February 19 and 20 at HICC, Hyderabad was attended by over 150 leaders of the textile supply chain including mill owners, managing directors, directors, CEOs, investors, entrepreneurs and stakeholders among others. The theme of the conference was: ‘Rethink traditional business methods, Rejuvenate with new business models’ and ‘Revive confidence in the textiles industry.’ The conclave encompassed like: Textiles Industry"

 

CEO Conclave Discusses the strategies for reviving confidence in textiles 002Organised by DFU Publications with Textiles Association (India) as the knowledge partner, The CEO Conclave-Investment and Partnership Summit concluded on an optimistic note. The two day event held on February 19 and 20 at HICC, Hyderabad was attended by over 150 leaders of the textile supply chain including mill owners, managing directors, directors, CEOs, investors, entrepreneurs and stakeholders among others.

The theme of the conference was: ‘Rethink traditional business methods, Rejuvenate with new business models’ and ‘Revive confidence in the textiles industry.’ The conclave encompassed like: Textiles Industry: The big picture, global, Asia and India perspective; Strategies to revive confidence in textiles; Emerging opportunities in global and domestic markets; and Manufacturing Excellence as four sessions to discuss strategies to revive the confidence.

An ode to the state’s development

Day one began with the welcome address and presentation by Mihir Parekh, Director, TSIIC  followed by an address by B K Goenka, Chairman, Welspun. Goenka in his address credited Jayesh Ranjan, Principal Secretary, Industry and Commerce, Telangana government who was also the guest of honour and K T Rao, for restoring the confidence of textile industry stakeholders and promoting Telangana as a textile hub. He said “Despite being just five years old, the state ranked among top 10 in 2017 in ease of doing businesses. In 2018, it grabbed the second spot.” Talking about Welspun, Goenka said, “We have committed Rs 5,000 crore investment in various projects in the state. Our first project of flooring solutions with an investment of Rs 1,200 crore will be commissioned soon.”

Delineating the development in his state Jayesh Ranjan observed “We adopted a completely different approach for project executions and took stock of last four and a half years. We received about $21 billion investment, of which 65 per cent materialised on ground while the remaining is in advanced stage of implementation. About 66 per cent of this investment has been done by the people of the state. It shows the confidence level of industry in the state of Telangana.”

Honoring industry excellence

The award ceremony, recognised industry stalwarts including Suresh Kotak, Chairman, Kotak & Co Ltd, RahulWhatsApp Image 2019 03 11 at 17.36.00 Mehta, President, CMAI, Sanjay Jain, Chairman, CITI, Manish Mandhana, MD, Being Human, T K Sengupta, President, TAI for their contribution to India’s apparel and textile sector.

Appreciating the efforts of Telangana state and organisers DFU Publications, Felix A Fernando, former Chairman, Sri Lanka Apparels Exporter Association said, “Telangana government is doing a fantastic job by promoting events like this.”

Strategies for revival

The second day started with a welcome speech by Salil Chawla, Director, DFU Publications, who introduced the themes for the sessions. Thanking everyone for being present at the conclave T K Sengupta, President, TAI said “The conference will focus on topics such as investments, textile policies, textile parks and clusters”. He concluded by appreciating the joint efforts made by DFU Publications and the Telangana government in organising such a glorious event

Sanjay Chawla Founder DFU PublicationsSanjay Chawla, Founder, Editor in Chief, DFU Publications and the organizer of CEO Conclave, emphasised on the need to deliberate on strategies to rejuvenate the textile sector and revive the confidence among industry stakeholders. “The textile industry has a long and complex supply and production chain,” he said. “The technological revolution with Industrie 4.0 wherein big changes are happening in terms of recycling management, automation and artificial intelligence etc, are the new game changers,” he emphasised.

Seeking practical solutions for industry issues

The first session of the conference – ‘Strategic Outlook: Challenges faced by Indian textile and possible solutions,’ chaired by Sanjay Jain, Chairman, CITI, sought practical solutions for the challenges faced by the textile industry today. He urged the leaders to bring about a change on a micro level. “Today change is not just a constant, but also a compulsion,” said Jain. “It has to be in the organisation’s DNA,” he added.

Session 1 iThe session also deliberated on which of the two; cotton or manmade fibers are likely to rule the industry in future. Rakesh Mehra, Company Director, Banswara Syntex noted that “fibres liked by consumers will dominate the industry. He emphasised the importance of value additions to the ministry target growth of $350 billion this year.

Another hot topic of discussion at the session was of skill development. Dr JV Rao, CEO, Textile Sector Skill Council, said, “The aspect of skilling has not been really worked out well. Today we have accepted the training cost also as a part of the production cost. The focus is the attrition rate and how to address it.”

Mapping the growth of technical textiles

The second session of the conference dwelt on the growth of technical textiles in India. Noting that the government hasSession 2 b recently identified 207 products as technical textiles, Dr Anup Rakshit, ED-India, Technical Textile Association, said “Technical textile exports merely account for a 10 per cent of the total exports in India. We exported products worth around Rs 11, 402 crore last year; out of this packaging textiles contributed 40 per cent while industrial textile contributed Rs 1,200 to entire revenue.

He reminded everyone about the huge scope in the industry if IITs and research institutes would help in developing the product and launch maximum innovations. Good FTAs and RTAs on aplay fielding basis are also needed,” he said.

Domestic industry, innovation and sustainability in focus

Rahul Manish Gvind Shrikhande session 3rdEmphasising on the need for a focus on domestic textile and retail markets, the third session of the CEO conclave was titled ‘Looking inwards: Growing domestic market in India: The brightspot . Prashat Agarwal, Managing Director & CEO of Bombay Rayon Fashions stated, “The world admires us not only for our manufacturing competitiveness but also due to the vastness and rapid growth of our market. We need to look at it seriously and understand its growth imperatives.”

The session also focused on the need for innovation. “We need to learn from the west is the technique to build big brands. Besides export, there is a lot of scope to grow within the country. We need to create good looking, well organised set ups,” said Manish Mandana, Managing Director, Being Human.

Amit Jain, Amtex Ventures, Home Fashion Consulting highlighted sustainability as the future of the textile industry with the packaging getting done with biodegradable material. “There will be green stories. Products will be made of reused and recycled material. Across the value the chain, the major changes will happen right from crop to processing,” he said.

Seeking excellence in manufacturing

The fourth session of the CEO Conclave focused on the theme of Manufacturing Excellence: the success mantra in theseSession 4 b competitive times. The session was chaired by Darlie O Koshy, Director General and CEO, ATDC. It focused on bringing efficiencies in manufacturing and production process and competing successfully in the highly competitive markets.

The conference concluded with the remarks by Rahul Mehta, President, CMAI, who proposed a twelve-point programme for growth in the industry.

Visit to Kakatiya Integrated Mega Textile Park

As a part of its CEO Conclave, more than 22 industry leaders and stakeholders visited the Kakatiya Integrated Mega Textile Park in Warangal. The Textile Park being developed over 1,200 acre at Shayampet village of Geesukonda mandal and Chintalapalli village of Sangem mandal in Warangal district is based on development strategy of “Farm to Fiber, Fiber to Fashion and Fashion to Foreign”

The mega textile park is built-to suit building for easy starting of units. It comprises 20 MLD Common Effluent Treatment Plant (CETP) with Zero Liquid Discharge (ZLD) , world class infrastructure including water, power, sewerage system etc, common facilities like workers' dormitories, warehouses, testing and QC labs, expo centre, etc, a dedicated training centre, testing facilities, etc and land at a concessional price to the first set of anchor units.

Industry applauds

WhatsApp Image 2019 03 11 at 16.33.38A resounding success, the CEO conclave was applauded by industry experts and stalwarts alike. Arvind Mathur, CEO, Raymond UCO Denim appreciated the quality of speakers and panelists. “They provided numerous thought provoking insights and analysis,” he said. Charan Singh, Vice President & Regional Director, Softlines believed that the conference lived upto its theme. “It not only provided valuable ideas to the audience but also created the need for disruptive thinking which is essential for the survival and growth of the industry,” he said. Mihir Parekh, Director, TSIIC appreciated the discussions, “They proved to be a great platform to showcase Telangana’s initiatives in the textile sector,” he said.

 
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