The discussion saw some very interesting inputs from the panelists during which V Jaigopal, MD - India, Madura Coats said,“Businesses need to refocus on strategies and have an export-orientation.”
The most recent edition of the two-day Techtextil India Symposium held in India, on October 16-17, 2014 in Mumbai, saw around 135 gathering of #
While Utkarsh Trivedi, Executive Director, Neo Corp International was of the opinion that, technology transfer can provide a major boost and companies should look at joining hands with experienced international players for long-term business gains.
Pointing towards the changing attitude of the buyers, the panelists agreed that most big companies are moving away from the dependence on one supplier or country which spells good news for Indian technical textile players with its low labour cost advantages. Introducing intelligent blends that can supplement lack of available fibres can drive growth in the right direction.
According to Seshadri Ramkumar, Professor, Nonwovens & Advanced Materials Laboratory at Texas Tech University, product differentiation will always find markets and holds the key to developing strong customer base and backward integration and improving lead time will further propel export business.
Sanjay Thapliyal, President at Century Enka, added, “Focus on specialty production is important. However, players need to become quality conscious and maintain standardisation to avoid disappointment of shipping bad quality goods which can be a major deterrent for export markets.”
The final session of the symposium saw Michael Jänecke present worldwide trends and developments taking into account the big five of technical textile market including Germany, Italy, France, the UK and Belgium.
Explaining that export was only one leg of growth Seshadri Ramkumar, during his session, added, “Industry is not growing at the pace it should because of lack of focus within buying segments and their requirements. Sector players should concentrate on end user product requirements and bring about diversity both in terms of process and production.”
Speaking about the industry vision for composites market, Mr. Gokul Venkataraman, Strategic Market Manager, Owens Corning stated, “Composites can effectively replace traditional materials because of its features such as fuel efficiency, non-corrosive, durability, sustainability. Wind energy is a big ticket item for composites and can prove to be a major demand driver.” (AR)
Fibre2fashion News Desk - India
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