India could soon replace China as the world's leading textile manufacturer, with the latter shifting its focus on manufacturing activities, said the president of , Palani G Periyasamy, on Friday. He also urged the domestic textile industry to focus on modernisation and keep itself updated on the latest trends to remain globally competitive.
"The textile industry has a remarkable future, but there will be a stiff competition in the global arena. One has to remain fit to grab opportunities. With China shifting its focus on manufacturing activities, India, currently the second largest textile manufacturing country in the world, could become the global leaders in this front in the coming decade. For this, manufacturers should concentrate on innovation, energy services, automation and online control to become globally competitive," Periyasamy said. He was speaking on the sidelines of the inaugural day of Texfair 2016, a four-day exhibition for the textile industry, at CODISSIA here. He said the textile industry should work to its potential by making the best use of special schemes announced by the central and state governments.
The four-day international fair, organised by the Southern India Mills' Association (SIMA), is expected to showcase modern developments in the industry.
"The textile industry has a remarkable future, but there will be a stiff competition in the global arena. One has to remain fit to grab opportunities. With China shifting its focus on manufacturing activities, India, currently the second largest textile manufacturing country in the world, could become the global leaders in this front in the coming decade. For this, manufacturers should concentrate on innovation, energy services, automation and online control to become globally competitive," Periyasamy said. He was speaking on the sidelines of the inaugural day of Texfair 2016, a four-day exhibition for the textile industry, at CODISSIA here. He said the textile industry should work to its potential by making the best use of special schemes announced by the central and state governments.
The four-day international fair, organised by the Southern India Mills' Association (SIMA), is expected to showcase modern developments in the industry.