ITME organised conclave for sustainable growth of Indian textile industry
The policymakers and the textile industry came together to chalk out a promising short-term & long-term technology strategy for the sustainable growth.
During the 11th ITME India edition, a conclave was organised and the theme of the discussion was bringing together the policymakers and the textile industry for chalking out a promising short-term & long-term technology strategy for the sustainable growth of the Textile Industry in India.. The gathering began with a warm welcome from the Executive Director of India ITME Society Seema Srivastava to the guest of honor P Sathasivam Ex-Chief Justice of India & Former-Governor of Kerala, Rohit Kansal, Additional Secretary Ministry of Textiles; Prajakta Verma, Joint Secretary, Ministry of Textiles, GOI; Rajeev Saxena, Joint Secretary, Ministry of Textiles, GOI & Roop Rashi Mahapatra, Textile Commissioner, GOI. Hari Shankar & Ketan Sanghavi greeted the dignitaries with mementos & gifts.
The India ITME Chairman opened the forum with his welcome speech a crisp and precise amalgamation of the global CEO conclave theme with the ongoing football tournament. The Chief guest P Sathasivam threw presented his guest of honor speech appreciating India’s ITME Society’s dedication towards the growth of Indian textile and engineering and as Albert Einsten said “The only source of knowledge is experience.”
Kansal a stunning speech and a ray of hope for fellow industrialists by throwing light on the Indian government’s vision and investment assistance to promote the Textile as well as textile engineering sector. He also informed that the government goal for textiles and apparel is $ 350 bn, the export goal for textiles & apparel is $ 250 bn whereas the goal of $ 100 bn is for the domestic market.
Avinash Mayekar, MD of Suvin then opened the forum with a splendid theme presentation by weaving different cultures of India with the textiles of India and formulating a pathway to our Prime Minister Narendra Modis vision of 5F strengthening (Farm, Fibre, Factory, Fashion & Foreign Trade).
Focusing on the theme, T Rajkumar, Chairman, Confederation of Indian Textile Industry, represented the textile voice by delivering a remarkable view on “Indian Textile Industry; Need & Gaps – An Honest Review”. He informed the audience about the different policies and frameworks available for the industry’s growth.
M Sankar, President- Textile Machinery Division TMD (Operations), Lakshmi Machine Works with his presentation formed an inspiration and mapped roadmap for the growth of India’s Textile Engineering and technology sector. The inspiration growth of textile engineering and technology in the spinning segment is a module well fit and replicable to all other segments of textile engineering and technology. So the voice of the textile engineering & technology segment clearly encapsulated the investment for textile engineering in all the segments of textiles.
It was time for the voice to be channeled, so Arun Kumar Garodia, Chairman of the Engineering Export Promotion Council, took the stage and showcased the strength of our Engineering sector and congratulated the industry for having a growth rate of 16 per cent. He has also informed of the plans of government for the engineering sector.
It was time for the voice to be heard and reciprocated into action. Roop Rashi Mahapatra, Textile Commissioner, GOI assured the industry of the different plans of the ministry for increasing investments in India. She also informed of the continuous efforts of the government to formulate a plan for encapsulating the textiles and textile engineering and technology under one wing.
Prajakta L Verma, IAS, Joint Secretary, Ministry of Textiles, GOI then took the stage and educated the audience on the government reviews of the TUFS scheme and assured that the government is channeling all its efforts for policy framing of the TUFS or equivalent scheme.
Rajeev Saxena, Joint Secretary, Ministry of Textiles, GOI delivered a short speech on the government’s future plans for increasing investment in the textile and textile engineering sector and promotional plans for the growth of Industry.
The forum then witnessed the release of a “Compendium for the Ministry of Textiles- Textile & Textile Engineering Industry Voice” which contains compiled segment-wise industry snapshots on growth and trade, the details on key stakeholders, and policy currently operational. It also contains key concerns and suggestions from the industry with the details of the addressee along with industry highlights & some abstracts shared by industry experts.