Basic HTML Version
24
|
The Textile Magazine
jANUARY 2012
be ultra-modern with the latest tech-
nology and strong systems. On the
other hand, special emphasis will be
laid on employment of women and
regional workforce, besides devel-
opment of green-belts. The ma-
jor raw material, cotton, would be
procured mainly from the northern
belt comprising
Punjab, Haryana
and Rajasthan,
creating value
addition for the
textile sector in
the region. The
textile park will
generate direct
employment for
8 , 00 0 - 10 , 000
people and indi-
rect employment
for over 40,000
people.
The company
feels that with
the
growing
world trade in textiles and clothing,
India has immense opportunities as
it has presence in the complete tex-
tile value chain and also advantages
on account of availability of low-
cost skilled manpower, increasing
cotton production and a fast grow-
ing synthetic fibre industry. China,
India and Pakistan account for a
major portion of the world fiber con-
sumption. Over the years, the size of
spinning mills is also getting bigger.
Greater investment and FDI oppor-
tunities are also available.
All this is bound to increase the
competitiveness of the Indian tex-
tile sector, especially against ma-
jor competitors like China. Though
China has been ahead of India in
textile exports, the latter has am-
ple opportunities for future growth.
There is ever-increasing domestic
demand because of growing popu-
lation and higher income levels. In-
dia is also emerging as a preferred
sourcing destination for consumers
across the world. The textile indus-
try’s committed efforts to harness
its fundamental strengths is evident
in the growing investments, leading
to capacity augmentation with ultra-
modern technologies.
w
Mr. Neeraj Saluja,
Managing Director, SEL Textiles
corporate news