Being a large manufacturer and exporter, the Indian textile industry has consistently been looked forward to – in terms of product, manufacturing processes and channels of sale.
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The pandemic has brought about major changes across the globe. This health crisis has affected all across, manufacturing and textiles included. Volatility has become a synonym for market. However, there is a bright side to every challenge.
Textile industry plays a very important role in spinning the economy’s growth wheels by being the second largest employment generator (after agriculture) and accounting for seven per cent of industrial output in value terms, 12 per cent of the country’s export earnings and two per cent of India’s GDP.
An unanticipated outcome of COVID-19 has been India becoming an alternative to China for buyers worldwide in the global textile supply chain. But can India take the lead and seize the opportunity?
India’s Top 50 Textile Companies
The pandemic has clearly taught us to consume consciously. At present productivity and enhanced manufacturing is the goal for all industries. The manufacturing industry gives rise to lots of direct and indirect opportunities.
Surface Modification Technologies has over 20 years of hands-on experience in handling various advance surface treatment technologies. The company delivers surface enhancement solutions using Physical Vapor Deposition (PVD) coating processes customised to individual requirements. Umesh Mhatre, Managing Director, Surface Modification Technologies opens up about latest technologies in surface enhancement solutions and provides suggestions to improve the Indian textile industry.