Textile leaders have urged the Prime Minister to hold a shopping festival on the lines of Dubai shopping festival to uplift consumer sentiment. Modi had invited 11 representatives from the textile sector on December 26 to get to know the ground realities of the industry.
The closed-door meeting with the PM had representatives from the textile trade, yarn and spinning, exports, fabric and apparel brands. Low consumer sentiment due to the overall economic slump was a key concern put forth by the retail and brand representatives at the two-hour interaction.
Traditionally, the popular shopping period in India is structured around the festive season that comes with the onset of winter with the spotlight on Diwali. Summer season does not witness much spending and consumption in fashion retail.
Delegates at this interaction included retail business leaders such as Sanjay Vakharia, CEO of Spykar Lifestyles, Sanjay Lalbhai of Arvind Ltd, Harish Ahuja of Shahi Exports, Darshan Lal Sharma of Vardhaman Mills, Siddharth Bindra from Biba and members of the Tirupur Exporters Association.