Pirates of the textile treasure hunt

MANAGEMENT GURU

Not waiting for the government to fix its policies two years after the end of the quota regime, Indian textile titans are charting their own destinies. Studded with dazzling export figures & brimming with super-colossal profits, the blue-eyed boys of the Indian textile sector are decisively gearing up for the global ramp with a never-before-seen spring in their stride

The map has been discovered. Its perfect topography has been studied, and the ship is all set to sail. And thus begins the great Indian treasure hunt. But wait! The period is not 1883; it’s the 21st century and we are talking about the Indian textile titans, who are all set to find their own ‘Treasure Island’. Yes, the textile tycoons are unearthing their own ways to strengthen their financial muscle. And what’s driving them to do so? With CRISIL envisaging the Indian textile industry to reach a sprawling $110 billion by 2012, with double digit growth in exports, the white collar guys of Indian Inc. are weaving strategies to put India on the world fashion map. Add to this the catalytic retail revolution happening in the country and Confederation of Indian Textile Industry (CITI) projecting a 10% growth in domestic haute couture market; the returns on offer are tremendous.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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