TEXTILE EXPORTS can grow at a faster pace – Harminder Sahni
The Textile magazine|January 2021
There is huge scope for the Indian textile and apparel industry to grow and at a faster pace too but for the stakeholders who must work aggressively. Harminder Sahni, Founder and Managing Director, Wazir Advisors believes that the Indian textile and apparel companies need to achieve manufacturing excellence and, equally importantly, grab the right opportunities. In an exclusive interaction with Ganesh Kalidas, he airs a few pertinent points and offers solutions which have the potential to catapult the Indian textile industry on to the world map
Ganesh Kalidas
TEXTILE EXPORTS can grow at a faster pace – Harminder Sahni

Harminder Sahni, Founder and Managing Director, Wazir Advisors has a word of advice. He has been studying the Indian textile and apparel industry for a long time now and feels that the the industry’s export competitiveness is lacklustre. But it can be remedied if the industry tightens its belt and works aggressively in availing opportunities. Sahni points out a few germane facts about export and domestic markets, especially during the ongoing pandemic: “Take our export market. India is Europe and US-centric in this regard besides exporting large consignments of yarn to China, which eventually land up in these countries only.”

“These markets have recovered after the pandemic as the consumer demand is picking up quite remarkably. Indian export companies have started recovering better as compared to the suppliers in the domestic market. The domestic market is doing well in the home textile segment and some categories of yarn. But other sectors like denim are still struggling. Most apparel brands and large textile companies are hit big because most of the malls are shut. Also, apparel purchasing has become discretionary which may take time to get back on track but once it does, it will bounce back quickly,” he adds.

This story is from the January 2021 edition of The Textile magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 2021 edition of The Textile magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE TEXTILE MAGAZINEView All
Bullish growth prospects for Indian home textile exporters: ICRA
The Textile magazine

Bullish growth prospects for Indian home textile exporters: ICRA

Riding high on pandemic-induced lifestyle changes stemming from heightened consciousness about hygiene and increased prevalence of stay-at-home options, Indian home textile exporters are set to register robust performance during FY2022.

time-read
3 mins  |
August 2021
RAJAPALAYAM MILLS
The Textile magazine

RAJAPALAYAM MILLS

Focus on Modernisation, Capacity Expansion and Value added products

time-read
2 mins  |
August 2021
Sutlej: Leadership through Transformation
The Textile magazine

Sutlej: Leadership through Transformation

Green fibre project to enhance global competitiveness

time-read
7 mins  |
August 2021
GANESHA ECOSPHERE expanding Recycled Polyester Staple Fibre capacity
The Textile magazine

GANESHA ECOSPHERE expanding Recycled Polyester Staple Fibre capacity

The world is awakening to the pressing need to save the Mother Earth from drowning into the plastic pollution. People and countries across the globe are looking at alternatives to reduce the impact on the environment, and become more sustainable and greener.

time-read
3 mins  |
August 2021
WEAVERS IN POLE POSITION 2FAST accelerates performance with speed, quality and versatility
The Textile magazine

WEAVERS IN POLE POSITION 2FAST accelerates performance with speed, quality and versatility

Speed by name and speed in performance…the brand new 2FAST rapier weaving machine from SMIT is built for ultimate productivity. Its compact design combines maximum output rates with quality and versatility. Made in Italy, it echoes the country’s traditions of speed in motorsports, with competitive performance that is also environmentally kind.

time-read
3 mins  |
August 2021
TWINE SOLUTIONS Spearheading a revolution
The Textile magazine

TWINE SOLUTIONS Spearheading a revolution

A technology start-up that has developed a proprietary and revolutionary digital on-demand thread dyeing system and a digital dye-to-match colour application, Twine Solutions now has a partner in India to explore the growing textile industry even as it continues to develop new products and solutions for its global outreach strategy

time-read
6 mins  |
August 2021
KUSTERS CALICO completes 25 years of Indian operations
The Textile magazine

KUSTERS CALICO completes 25 years of Indian operations

Creates new benchmarks in the processing and finishing technology

time-read
6 mins  |
August 2021
Quality, efficiency and good service - this is what makes BRÜCKNER successful in Turkey
The Textile magazine

Quality, efficiency and good service - this is what makes BRÜCKNER successful in Turkey

The Turkish family-owned company ARIKAN Mensucat Industry and Trade Inc. was founded in 1993 and is located in Kahramanmaras, one of the southernmost cities of the country.

time-read
3 mins  |
August 2021
NESTLING TECHNOLOGIES' i-Spin, a game changer in the spindle monitoring segment
The Textile magazine

NESTLING TECHNOLOGIES' i-Spin, a game changer in the spindle monitoring segment

‘i-Spin’ spindle monitoring system now gets added to Nestling Technologies’ portfolio. As such, a variety of analysis such as the whole year performance of the ring frame, lot-wise performance, etc. is now available instantly, which can be viewed from anywhere across the globe.

time-read
3 mins  |
August 2021
Trützschler establishes the Trützschler Foundation
The Textile magazine

Trützschler establishes the Trützschler Foundation

The Mönchengladbach-based family-owned Trützschler company has created a charitable foundation: the Trützschler Foundation. The Foundation’s main focus is on supporting children and young people with learning and education, sport and exercise, and science and research.

time-read
1 min  |
August 2021