Global competition is the major issue
Global competition: Indian units have been facing competition from other countries like Taiwan, South Korea, China, Bangladesh, Pakistan, etc.
Labour problems: The textile processing segment is labour intensive and frequently plagued by labour problems. Pollution problems: As government regulations become more strict processing units have to adhere to them and yet compete in the global market and take responsibility to care for the nature.
New technologies: Digital printing is catching up fast globally and the present processing units will have to capture and balance the needs of both of the conventional rotary printing and the digital printing technologies to remain in the market.
Obsolete machinery: Textile units will have to invest in new machinery that will save labour, energy, water, time and be cost effective and compete in the domestic as well as global market. Technologies keep changing every year and it is important to consider these factors for future survival and new machinery are designed with these in mind.
Other factors: The industry faces a number of other problems like power cuts, infrastructural problems, lack of finance, exorbitant rise and fluctuations in raw material prices and production costs etc. However there is a positive sentiment under the current Modi regime that things will be better in near future.
Traditional management: Most of the units are family organisations and traditionally managed. There is a need for professionalism and professional management to compete globally.
- Harsh Shah,
Executive Director, Embee Corporation