A wave of innovation that has hit the textile industry is the coming of Industry 4.0. With the increasing number of innovations (backed by strong domestic consumption and a healthy export demand), the future for the Indian textile industry looks promising, says Pradip Roy.
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While advanced technology, digital systems and automated processes offer benefits in productivity and efficiency of the factory, they are also effective in the sustainability initiatives. Going forward, the faster manufacturers adopt to technology and digitalization, the better they will be able to perform and align with the global trends, says B Prakash.
Fashion forecasting has refined itself in the previous two decades to become categorically specific and futuristic. In this article, Prof Kislaya Choudhary, Aditi Sharma and Pankti Patel of NIFT Mumbai explore the evolution of trend and forecasting landscape starting from the 17th century till its present form and post COVID-19 scenario.
Better Customer Lifetime Value (CLV) forecasts help you maintain a better inventory, plan production properly and avoid overspending by having finished goods pending deliveries, says Rajesh Balkrishna Padalkar.
Innovative power is part of the DNA of Swiss Textile Machinery members, and that is certain to have a positive impact on the development and growth of the nonwovens industry.
India is only second after China when it comes to manufacturing and export of textile globally. The country now needs to work towards self-reliance by building indigenous textile machinery and technology, says Vibhav Jain.
Aatmanirbhar Bharat today is not just an ideal but a vision which will be realised soon, given the many empowering strides taken by the segment in the right direction, says Vikash Agarwal.