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Tuesday, Aug 17, 2004

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Industry & Economy - Textiles

Need to build global Indian textile brands stressed

Our Bureau

Chennai , Aug. 16

LARGE investments would be required in the garment and textile sector to scale up operations to meet the challenges of the post-quota garment and textile market, said Mr G. Shanker, Chairman, Indo-American Chamber of Commerce.

He said that after January 2005, India would have to build companies to a global scale. Small and medium companies could take the cluster approach to achieve these standards. The real challenge, however, would be to build global Indian textile brands.

According to the latest study by the World Trade Organisation, China and India will be the two largest beneficiaries when the quota system is eliminated.

The Indo-American Chamber of Commerce, Chennai, the Apparel Export Promotion Council, Chennai, and the Textile Committee (Ministry of Textiles), have come together to organise a seminar to discuss key issues faced by the industry. The seminar will be held in Chennai on August 24.

Some of the topics that will be discussed will be marketing, distribution and finance in overseas markets; cluster approach-enhancing the competitiveness of the small and medium enterprises; increasing the productivity of garment firms; and experiences in the US market.

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