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Mr. Neeraj Saluja, Managing Director, SEL Textiles
be ultra-modern with the latest technology
and strong systems. On the
other hand, special emphasis will be
laid on employment of women and
regional workforce, besides development
of green-belts. The major
raw material, cotton, would be
procured mainly from the northern
belt comprising
Punjab, Haryana
and Rajasthan,
creating value
addition for the
textile sector in
the region. The
textile park will
generate direct
employment for
8,000-10,000
people and indirect
employment
for over 40,000
people.
The company
feels that with
the growing
world trade in textiles and clothing,
India has immense opportunities as
it has presence in the complete textile
value chain and also advantages
on account of availability of lowcost
skilled manpower, increasing
cotton production and a fast growing
synthetic fibre industry. China,
India and Pakistan account for a
major portion of the world fiber consumption.
Over the years, the size of
spinning mills is also getting bigger.
Greater investment and FDI opportunities
are also available.
All this is bound to increase the
competitiveness of the Indian textile
sector, especially against major
competitors like China. Though
China has been ahead of India in
textile exports, the latter has ample
opportunities for future growth.
There is ever-increasing domestic
demand because of growing population
and higher income levels. India
is also emerging as a preferred
sourcing destination for consumers
across the world. The textile industry’s
committed efforts to harness
its fundamental strengths is evident
in the growing investments, leading
to capacity augmentation with ultramodern
technologies.
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24 | The Textile Magazine jANUARY 2012