What is the significant challenge that textile companies face?
The challenge for most textile companies is to keep abreast of fashion. Fashion is changing constantly. People are not going to buy the same product all the time. So we see a clear trend in changing fashion technology. New investments are required to cater to those kinds of clients. The other challenge is quality. But if you are not able to provide quality, you cannot even think of exporting. That’s a given. Over the past 10 years, several textile companies have undergone restructuring. Those companies that have survived the downturn have emerged as efficient players. They are competitive. However we have to keep following fashion. We must keep investing to make what sells.
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