10 January 2023, Mumbai
India's textile and garment (T&C) sector has made a name for itself as a major exporter and consumer market. The industry's total market size now is US$ 122 billion, including exports and local consumption.
India could reach a US$400 billion market by 2030 with a growth of 9% in the local market and 8% in exports. The industry will need to restructure, perform, and modify its traditional functioning and outlook to meet this ambitious growth aim.
Manufacturing quality is the primary factor that guarantees any industry's continued success. Powerhouses of the world's manufacturing, like China, have risen to the top by relentlessly pursuing large-scale production setups to produce high-quality goods at competitive prices.
Manufacturing scenario around the globe
Industries worldwide are working to increase their competitiveness by altering how they conduct business and emphasizing activities that support their core activity. These adjustments result in a comprehensive improvement in the processes that support the achievement of manufacturing excellence.
The industry must adopt specific structural adjustments to maintain the boom that the Indian textile sector has seen. The disorganized structure and lack of necessary scale are the main problems with India's textile and apparel sector. The Indian textile and garment industry has been unable to realize its full potential.
The Indian textile industry must take some action to obtain an advantage over its rivals in the increasingly price-competitive global textile business, such as China, Bangladesh, Vietnam, and others.
The future of the Indian industry lies in achieving industrial excellence through sustainable growth. To facilitate extensive conversation on achieving manufacturing excellence and building a sustainable and innovative future for the Indian textile industry, this conference intends to provide a shared forum for various industry players and policymakers.
The conference's talks and deliberations will provide several conclusions, suggestions, and corrective actions that, in the long run, will be advantageous to industry stakeholders along the entire value chain.
Future of manufacturing in this industry
Getting as near as feasible to predetermined goals is the process of manufacturing excellence in the apparel industry. These goals or objectives include a wide variety of topics that, when taken together, ensure the survival and success of a manufacturing company. Some of these goals will need to be adjusted as the industry changes.
Owners initially entered the clothing manufacturing industry solely intending to make money, which could be done through very straightforward methods.
The need for efficiency improvements, more suited equipment, appropriate setup, process improvements, novel products, improved quality, reliability, and consistency eventually arose, and all of these things could only be accomplished in tandem with the right employees having the proper training, empowerment, and result-linked compensation.
Today, manufacturing is a passion where excellence is sought at every step. As a result, management is guided through a set of KPIs to assess where we are vs. where we want to be, and, in response, improvements are made. Manufacturing excellence is what we refer to as the entire process.
