Policy prescription for the Indian textile industry to be announced soon - A. B. Joshi, Textile Commissioner

Dyeing, Printing, Processing

Policy prescription for the Indian textile industry to be announced soon - A. B. Joshi, Textile Commissioner

India ITME 2012, the 9th in the series and the most anticipated textile technology show in India, kicked off yesterday at the Bombay Convention & Exhibition Centre, Mumbai, India. Rajashree Birla, Director, Aditya Birla Group of Companies was the Chief Guest at the inauguration of the show. A. B. Joshi and Dr Christian Schindler, Director General, International Textile Machinery Federation (ITMF), Zurich were the Guests of Honour during the inauguration. Addressing the gathering, A.B. Joshi, Textile Commissioner said, "We have realised that India will be improving its share in the global textile market." Speaking about the flagship scheme, Technology Upgradation Fund Scheme (TUFS) he said, "Government of India will soon announce the 12th five year plan. The process is underway to make a prescription for textiles." However, this time Joshi said that the focus would be on the weaving sector, as spinning and processing have come up reasonably well in the previous years.

Rajashree Birla in her address stressed upon two key drivers required in a group's success: globalization and the role of leadership. She recounted, "Under Aditya Birla, the group decided to grow outside India and in 25 years he established world class companies in south Asian countries like Thailand, Indonesia, Malaysia and also Egypt. He was the first to put India on a global map."

Speaking about incorporating new technologies and innovations into one's operations, Dr. Christian Schindler said, "Innovation is not stopping at any point in time and it is an on-going process. People have to keep updating themselves about new processes and inventions in machineries. And in difficult times one has to look for more efficient processes of international relevance." Look beyond today and tomorrow to day after tomorrow, the future is bright. We can say that based on three factors. We have a growing global population, growing per capita income and new textile applications emerging on a daily basis. By 2020, we can expect the world fiber consumption to increase to 100 million tons from current 70 million tons. Irrespective of the difficult global economic situation, the potential is huge," said Schindler.