Among the global uncertainty and challenges like high inflation, the textile, apparel and handicraft industry is facing headwinds. Keeping this in view, various industry bodies are taking steps to discuss the solution in this scenario.
Prestigious trade body Sourcing Consultants Association, known as BAA recently organised a networking talk on ‘Lead and Deal with the Slowdown’. The event had about 100 participants from buying and sourcing community from Delhi-NCR, Panipat, Moradabad and Jodhpur etc.
Rakesh Kumar, Director General, Export Promotion Council for Handicrafts (EPCH) informed that the slowdown should be taken as capacity building period as the recently held IHGF Delhi Fair saw some 8000 international buyers from about 100 countries, and future prospects of the Indian handicraft industry is all set to fly high.
Raj Kumar Malhotra, Chairman (North), Federation of Indian Export Organisations (FIEO) mentioned that Indian manufacturers must get equipped with sustainable products, packaging, and good manufacturing practices as future exports demands would be around it and whoever would get into it now shall reap benefits in coming future.
Vishal Dhingra, Chairman, BAA and other industry stalwarts also shared their view and highlighted that the market should soon pick up.