India is not much behind in capability, what we lack is scale: Gokaldas MD
Sivaramakrishnan Ganapathi, managing director of India’s largest apparel exporter, Gokaldas Exports, tells T E Narasimhan that dependence on China will automatically reduce when economic or strategic logic is associated with it
The prime minister has mooted self-dependence as the new manufacturing mantra for the Indian industry. How will this affect you?
Self-dependence is a good mantra for any industy. At a macro level, it is never individual firms but the entire manufacturing ecosystem that competes. China has one of the most robust “aatmanirbhar” (self-reliant) manufacturing ecosystem that serves as a worthy example of industrial leadership. They have the entire value chain, producing practically all kinds of fibre, fabric and trim types to quality and scale that provides a strong supportive ecosystem for apparel manufacturing.
India is not much behind in terms of capability, but we lack scale. The textile value chain is well-developed in India and that is primarily the reason why India has robust apparel exports of approximately $16 billion a year. Availability of good quality cotton; besides presence of viscose and polyester fibre mills; and spinning, weaving and processing units across several industrial clusters make India an attractive destination for apparel manufacture.