NISTI organises textile meet

An industry meet was organized by NISTI on July 22, 2012. This was part of NISTI’s agenda

for professional upgradation of the industry, dissemination of research information on latest developments and providing technical and project services to the textile industry in general.

Peter Dinsdale (World President, Textile Institute and World Bank/IFC Consultancy) wanted industry captains to take note of the changed scenario where definitions of textile products and markets stand redefined. Kuldip Kumar Sharma, Chairman, NISTI, emphasized the need to look into the future and project the scope for textiles in India. Among the possible issues were sustainability, compliance, relationship of population and per capita consumption, new cluster approach and relocation of manufacturing facilities in various countries. These could indicate the demand for textiles in the near future.

It was highlighted that bilateral trade agreements, currency fluctuations, FDI inflows, political will could be significant in promoting a conducive business environment for the textile industry. Other facilitators would be the TUF program, continuity of interest subsidy, debt restructuring and export promotion at the government level. The textile fraternity, including R C Jain, Chairman, TT Group, K K Agarwal, Chairman, Alps industries and President, NITMA, Hemant Partaram, Director, Shriram Group, appreciated NISTI’s efforts and suggested similar events in the near future.

Among textile business organizations in attendance were: Ginni Filaments, ITS, Bureau VERITAS, MSI Noida, International Wool Initiative, Pearl Academy of Fashion, BEC, Megatech Overseas India, CD Lifestyle, Inside Fashion, Apparel Online, IIT, Alok Fibers, Synergy Solutions, HPG Global and many renowned textile consultants.