Indian textile sector to grow with latest technology adoption

NEW DELHI: The Indian textile sector got potential to grow and sustain if operations are stepped up and recent technology is used to increase the productivity levels, said Kiran Dhingra, Secretary, Ministry of Textiles, at the Texcon 2012, which was organised by Confederation of Indian Industry (CII) Northern Region today in the national capital.

Dhingra said, “The small companies isolated in different parts should collaborate as clusters to achieve economies of scale, raise volumes, efficiency levels, technology enhancement and best designing techniques.” This statement came while releasing the CII – Wazir Advisors Report on 'New Paradigms for Textiles'.

Jayant Davar, deputy chairman, CII Northern Region, threw light on issues which need urgent policy reforms for the sector such as rationalisation of power tariffs across India, extra duty draw back and Duty Entitlement Pass Book (DEPB) rates for ensuring that all state levies are rebated, promotion of FDI in the textiles and apparel sector.

SP Oswal, past chairman, CII National Committee on Textiles and Chairman, Vardhman Textiles Ltd, said, “It is disheartening that, despite India being a large Raw materials base for textile industry with huge manpower availability and large industry base as well, yet only 5 % of our industry is globally competitive because the rest is in un- organized and decentralized sector. This large unorganized sector has poor capability to raise its productivity, volumes and quality standards owing to poor access to latest technologies and finances.”
Meanwhile, Mukund Choudhary, vice chairman, CITI and MD, Spentex Industries Ltd demanded a fibre policy as soon as possible.