India's newly-elected president of the International Textile Manufacturers Federation, K.V. Srinivasan, sees a significant opening for the country in the global textile market.
With international buyers seeking alternatives to China, India has a prime opportunity. However, global demand slumps and rising inflation pose challenges.
Srinivasan notes surprising domestic textile demand lows, even during festivals, emphasizing room for Indian industry competitiveness improvement.
The Southern India Mills' Association recently felicitated Srinivasan, with ITMF Director General Christian P. Schindler highlighting global industry dynamics in a virtual presentation.
