During the 12th Asian Textile Conference (ATEXCON) in Mumbai, key leaders from India, Vietnam, and other Asian nations highlighted the need for enhanced collaboration to reignite the region’s stagnant textile growth.
Organized by the Confederation of Indian Textile Industry (CITI), the conference focused on Asia’s potential to drive global textile and apparel market growth through strategic partnerships.
Rakesh Mehra, Chairman of CITI, emphasized that countries like India, China, Vietnam, Bangladesh, and Indonesia have unique strengths that could be leveraged to overcome growth stagnation. He stressed that Asia must focus on increasing both production volume and value-added products to remain competitive. For instance, India and China excel in raw material production, while countries like Vietnam and Bangladesh lead in garment manufacturing, and Indonesia is known for its innovation in technical textiles.
Leaders also discussed potential collaborations between India and Vietnam, with a focus on the diversification of cotton fibre, yarn, and fabric sourcing. The two countries could jointly invest in textile dyeing and finishing processes, with India contributing its expertise in wastewater treatment technology.
Ashwin Chandran, Deputy Chairman of CITI, noted that sustainability, innovation, and digital transformation are crucial for the future of the textile industry.
The conference underscored the importance of adapting to global supply chain changes and emphasized the need for investment in technology and circularity.
ATEXCON also featured discussions on trade dynamics, technological disruptions, and the evolving role of technical textiles, marking a pivotal moment for the Asian textile industry.
