Financial Daily from THE HINDU group of publications
Wednesday, Apr 06, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - Textiles


Comptex meet to focus on global competitiveness

Our Bureau

Chennai , April 5

POST-ATC (Agreement on Textiles and Clothing), the domestic textile industry is likely to attract large investments both from domestic and foreign sources.

The textile industry contributes 4 per cent of national GDP and 20 per cent of manufacturing value added. Yet, in terms of global opportunities, the industry has not tapped even the tip of the iceberg. Of the total global trade of $360 billion, India's share is only 3.5 per cent. To tap this huge global opportunity, the textile industry needs to restructure and enhance its competitiveness.

The Confederation of Indian Industry-Southern Region (CII-SR), in association with The Southern India Mills Association (SIMA), is organising "Comptex 2005 - Conference on "Sustainable global competitiveness of textile industry" on April 8 and April 9 in Coimbatore.

At a press conference, Mr Manikam Ramaswami, Chairman - sub-committee on textiles, CII-SR and Chairman and Managing Director, Loyal Textile Mills Ltd, said that the main objective of Comptex 2005 conference is to evolve a clear road map for the textile industry to sustain its global competitiveness and to position the southern region as a key driver of growth in making India a global leader in the textile sector.

The conference would deliberate on market driven models that would help the industry adapt quickly to competition and find sustainable strategies to attain global leadership position. The conference sessions would focus on key areas such as evolving a roadmap to promote the Indian handloom sector by focusing on skill upgradation of workers, brand building, marketing and creating niche and export markets.

The CII would also suggest the introduction of the Gurukulam system to keep the handloom weaving tradition alive. Mr Ramaswami said that young children could be taught the art of handloom weaving from master weavers beside a regular school curriculum. This would also ensure that these children are not exploited, he said.

Another area of concern is the adoption of innovative technologies in cotton cultivation, focus on contract farming, policies to facilitate micro credit to farmers for cultivation at a larger scale and access to information on high yield and high quality seeds to increase cotton yield.

Mr Ramaswami said that the CII would be forwarding a proposal to the Government to set up three shore-based sites for processing. He said that Cuddalore is one site and he urged the Government to create a special purpose vehicle to take the project forward.

The conference would also explore opportunities in "technical textiles" - the unexploited non-apparel markets both in domestic and overseas in industrial application, home textile and auto textiles.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Contract research organisations join hands


Bank of Baroda hikes FCNR interest rates
SBT hikes NRI deposit rates
Union Bank raises rates
Govt keen on hiking FDI cap on insurance — Germany may review dumping duties on Indian goods
Cement majors report rise in despatches
Full Plan panel meet stresses need to raise tax/GDP ratios
Tenth Plan growth rate may miss target: Manmohan
`India must liberalise services regime'
NMCC report - a sneak preview: `India must leverage large buying for tech transfer'
Kerala must act quickly to rein in spending: Expert
`Public hearings' on pollution caused by pharma units today
Cut transaction costs: PHD Chamber
DD to air soap to increase AIDS awareness
Nigeria blacklists 11 Indian drug cos
`Patents Act will not lead to hike in drug prices'
Pharmexcil steps in for trouble-shooting
BHEL,TCS develop software for power stations
APGenco rules out power cut in summer
Central nod for power project in Kerala
VAT hits live chicken exports to Kerala
AP Govt invokes ESMA on druggists
Comptex meet to focus on global competitiveness
EU, US may clamp down on Chinese textile exports — Windfall likely for Indian cos
SECL to sell coal through e-auctions
Tune in
Maritime varsity to take shape this fiscal
New emission norms lead to shake-out in diesel car segment
GoM approves draft of Integrated Food Law
Leather footwear cos seek parity on tax treatment
Task force to seek funds for stem cell research
First mapping satellite to be launched in May
Film studio inaugurated at Hyderabad
Need to bring handicrafts under IPR highlighted
STEP for mainstreaming of tribal communities
Package ready for project affected families in AP
Nabard projects Rs 29,423 cr for priority sectors in AP
Edible oil imports seen rising 5 lakh t
`Enough forex reserves to meet crude import needs'
Pune tour planners reinvent travel idiom
Welcome signs in tourism sector: Minister


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line