We foresee opportunities beyond the crisis – Abhay Sidham, President, Batliboi Textile Machinery Group

For the past few years we have been hearing a term – ‘VUCA’ – Volatile Uncertain Complex Ambiguous, quite often. This term is perhaps the most precise to describe the current situation.

It is now clear that we’re seeing the worst health and economic crisis, ever. Entire country is shut, businesses cannot function, unemployment is rising dramatically, value chains have been wrecked and negativity and uncertainty is looming all over.

As far as textiles are   concerned, it being one of the basic needs, consumption will continue once sentiments return to normal.  In my opinion India’s domestic  consumption and   exports,  especially in  the home textiles segment will help to sustain the Indian  textile industry .

All our customers  foresee  that there will be operational issues to  restart the production  such as  getting back migrated labor force ,  logistics and availability of raw material , etc. , but see  long term  opportunities  due to changed sentiments.

I am reminded of an article on the Guardian website last week- a letter by an Italian….She ends her piece with, “If we turn our gaze to the more distant future, the future which is unknown both to you and to us too, we can only tell you this: when all of this is over, the world won’t be the same.”

No doubt the world is unlikely to remain the same. The coronavirus is already rewriting our future. The Indian government is doing all-round efforts to contain and overcome this pandemic. We at BTMG   foresee opportunities beyond the crisis.