New Delhi: An industry official said textile entrepreneurs have discussed key issues to bring stability in the sector keeping in view reduction in cotton prices and freight charges. Participating in an interactive session here, around 120 managing directors of spinning mills discussed various issues including cotton prices and freight rates, according to the Indian Texpreneurs Federation, the organizer of the event.
ITF convenor Prabhu Dhamodharan said that sharing of benchmark numbers regarding productivity, cost reduction techniques and best practices to be adopted from time to time to improve manufacturing were some of the key points discussed. ,Also Read: OMG! ChatGPT MBA Exam Passed – Read Details,
Andhra Pradesh Textile Mills Association, Telangana Spinning, Textile Mills Association, Spinners Association, Gujarat and ITF participated in the event. He said that market trends and quality standards, yarn and fabric market intelligence with respect to domestic and export markets were also discussed as ‘common cooperative work between the associations’. ,Also read: ‘Fired from job for the third time in 4 months’: IT employee writes heart-wrenching post after being fired from Google,
He said that exploring and sharing of knowledge to add value to the spinning sector, research on domestic and global ‘textile and fashion’ trends were also discussed during the meeting.