Benefits of automation are clear and visible. However, capital intensive nature of the textile industry and lack of availability of funds are hampering adoption of automation in India. But Indian textile industry has no choice but to invest in modern technologies to stay relevant in the global textile value chain, says Rakesh Rao.
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While Indian spinners are benefiting from the higher global cotton yarn demand at present, the re-emergence of the Covid 19 pandemic could play a spoilsport, says Rakesh Rao
In this interview, Vinod Kumar Gupta, MD, Dollar Industries Ltd, says that the work from home (WFH) norm and the prevailing pandemic are helping athleisure/comfort wear gain immense popularity.
After almost 30 years with the company, Klaus Heinrichs, Vice-President, Monforts, is to retire at the end of May. A very well-known and respected figure in the industry, Klaus began working in marketing for the company in 1992.
Dark clouds of lockdown are back with the Tsunami of Covid 19 cases resurfacing across the country. With major textile producing states – Maharashtra, Tamil Nadu and Gujarat – under lockdown, the industry is staring at huge losses again this year.
Dhiraj Raichand Shah, Executive Chairman of Shahlon Silk Industries Ltd, Surat, has taken over as Chairman of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) at the recently held meeting of the Committee of Administration of the Council.
The Committee on Cotton Production and Consumption expects the current year’s production to be 36 million bales, lower than last year’s estimate of 365 lakh bales. This dip is owing to the spread and impact of COVID-19.