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The Textile Magazine
MARCH 2012
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103
covered the reason for low invest-
ments in the textile and clothing sec-
tor, lower returns, sluggish export
and domestic demand, manpower
shortage, policy issues like approv-
als, subsidies, interest rates, and the
key policy steps required to be taken
on an urgent basis.
The sixth and final panel discus-
sion was directed by Mr. Harminder
Sahni, Managing Director, Wazir
Advisors. With the panel members
Mr. Baqar Iftikhar Naqvi, CEO,
Cotton County Retail, Mr. Vivek
Gaur, CEO, Yepme.com, and Dr.
Nidhi Shankar, Country Head, Ex-
cell Home Fashions.
The focus of discussion was on
how the Indian apparel retail market
is evolving on account of changing
consumer demographics and mind-
sets. It also covered new, emerging
retail formats like online retailing
and their acceptance by the Indian
consumer.
The panel members also delved
into the strategies their respective
companies are following in order
to retain customers. They also dis-
cussed the upcoming challenge for
Indian retailers in terms of increas-
ing consumer expectations, quality
focus and growing competition.
At the valedictory session where
Mr. V. Srinivas, Joint Secretary,
Ministry of Textiles, was the chief
guest. Mr. Prashant Agarwal, Joint
Managing Director, Wazir Advi-
sors, gave the conference wrap-up
remarks.
In his valedictory address, Mr.
Srinivas outlined the Government
plan for the next few years to ensure
high growth of the Indian textile and
apparel manufacturing sector.
w
events