Speaking at the India@2047 Summit hosted by ABP Network, Gautam Hari Singhania, Chairman and Managing Director, Raymond Group emphasized on the importance of boosting ‘khadi’ and leveraging India's textile heritage to fuel future expansion.
Speaking on the topic, ‘The Fabric of India: Strength and Sustainability,’ Singhania reflected on the country's historical role in the worldwide textile trade. Khadi needs more of a push, he stated. Highlighting the current opportunities for India in the global textile market, Singhania stated, this is the most opportune time for the Indian textile industry and we just need to stay one step ahead.
He pointed out to worldwide shifts and increasing sourcing challenges faced by countries like China as additional growth prospects.
Marking Raymond's 100th anniversary, Singhania shared, Raymond completes 100 years this year. The brand exports its fabrics to 55 countries, representing the modern era of India's manufacturing strength, he added.
Revealing the fact, India ranks fifth globally in the textile sector, and the industry is the second-largest employer in the country, Singhania asserted, the nation has all the right elements to become a global textile powerhouse.
