{"id":3411,"date":"2006-09-16T08:43:00","date_gmt":"2006-09-16T08:43:00","guid":{"rendered":"https:\/\/www.thirdeyesight.in\/?p=3411"},"modified":"2022-09-16T08:46:09","modified_gmt":"2022-09-16T08:46:09","slug":"textile-industry-report-calls-for-capturing-billions-in-lost-value","status":"publish","type":"post","link":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/","title":{"rendered":"Textile Industry Report Calls for Capturing Billions in Lost Value"},"content":{"rendered":"\n

Textile Industry Report \n Calls for Capturing Billions in Lost Value<\/font><\/strong><\/p>\n \n \n

A report by management consulting \n firm, Third Eyesight, has called upon the Indian textile and apparel \n industry to urgently develop capabilities to capture the value \n that is being lost due to inadequate focus on product development \n and value addition.<\/p>\n

The report titled “Eternal Hope to Reality:<\/strong> \n Sustained Global Competitiveness for the Indian Textile and Apparel \n Industry” was released by the Hon’ble Minister of \n Textiles, Shri Shankersinh Vaghela, and a well-attended industry \n conference organized by the Federation of Indian Chambers of Commerce \n and Industry (FICCI)<\/p>\n

.Highlighting the immense gap between the current exports of \n about US$ 20 billion and the vision of US$ 55 billion, Third Eyesight’s \n report says that the Indian industry needs to look beyond incremental \n steps.<\/p>\n

Presenting the report, Third Eyesight’s chief executive, \n Devangshu Dutta said, “Dramatic growth cannot come through \n concentrating on volume alone. Even if the industry wishes to \n increase its volume of trade, ports are operating at 91 to 92 \n % of capacity utilization. This sort of growth of exports is only \n possible through focussing on value addition.” <\/p><\/td>\n

\"Photograph
\n Photograph of Report being released by Shri Shankar \n Singh Vaghela, Hon’ble Union Minister for Textiles, the \n Government of India (Left to Right: Mr. Ness Wadia – Bombay \n Dyeing, Mr. Devangshu Dutta – Third Eyesight, Mr. Shankar \n Singh Vaghela – Textile Minister (India)<\/em><\/strong><\/p><\/td>\n <\/tr>\n <\/table>\n \n \n

\"Value<\/a><\/p><\/td>\n

The Third Eyesight \n report highlights the fact that when India compares poorly to \n other countries on the value captured per employee. For instance, \n if Indian industry were earning as much as Turkey, India’s \n exports would be close to China’s exports of US$ 161 billion. \n <\/p>\n

The report says India’s exports are still \n too weighted in favour of raw materials and intermediate products, \n rather than finished products, and this is a major concern<\/p>\n

if one looks at the long-term competitiveness \n and value-capturing capability of the industry. According to the \n Third Eyesight report, apparel exports account for only 41% of \n India’s textile exports in 2007-08. <\/p><\/td>\n <\/tr>\n <\/table>\n \n \n
India is neither the cheapest producing \n country nor possibly the quickest in terms of delivery, but it already \n provides buyers with value in terms of product development and design. \n According to Third Eyesight, this is the winning formula that needs \n much more focus. The report describes how design, merchandising \n and product development capabilities can enable Indian companies \n to become strategic suppliers to global industry. India’s \n domestic industry, and its skill at understanding market needs, \n creating and merchandising product, can also play a valuable role \n in the industry’s growth in the global area. <\/td>\n
\"India<\/div><\/td>\n <\/tr>\n <\/table>\n

Devangshu Dutta, chief executive of Third Eyesight, said that India \n already had a significant cachet as a brand in the 1960s, but lost its \n position until the beginning of this decade. While the trade-brand of \n India has now started becoming stronger, it is time for the industry \n and the government to emulate successes created by countries such as \n Italy. By creating an ecosystem focused on design and product development, \n India can create and capture the billions of dollars worth of value \n that is being lost to other countries.<\/p><\/td>\n <\/tr>\n","protected":false},"excerpt":{"rendered":"

Textile Industry Report Calls for Capturing Billions in Lost Value A report by management consulting firm, Third Eyesight, has called upon the Indian textile and apparel industry to urgently develop capabilities to capture the value that is being lost due to inadequate focus on product development and value addition. The report titled “Eternal Hope to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-3411","post","type-post","status-publish","format-standard","hentry","category-press-quotes"],"yoast_head":"\nTextile Industry Report Calls for Capturing Billions in Lost Value - Third Eyesight<\/title>\n<meta name=\"robots\" content=\"index,follow\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Textile Industry Report Calls for Capturing Billions in Lost Value - Third Eyesight\" \/>\n<meta property=\"og:description\" content=\"Textile Industry Report Calls for Capturing Billions in Lost Value A report by management consulting firm, Third Eyesight, has called upon the Indian textile and apparel industry to urgently develop capabilities to capture the value that is being lost due to inadequate focus on product development and value addition. The report titled “Eternal Hope to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/\" \/>\n<meta property=\"og:site_name\" content=\"Third Eyesight\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/thirdeyesight\" \/>\n<meta property=\"article:published_time\" content=\"2006-09-16T08:43:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-16T08:46:09+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thirdeyesight\" \/>\n<meta name=\"twitter:site\" content=\"@thirdeyesight\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/textile-industry-report-calls-for-capturing-billions-in-lost-value\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/textile-industry-report-calls-for-capturing-billions-in-lost-value\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/person\\\/185f0e11ac1a68314697808a31fffddc\"},\"headline\":\"Textile Industry Report Calls for Capturing Billions in Lost Value\",\"datePublished\":\"2006-09-16T08:43:00+00:00\",\"dateModified\":\"2022-09-16T08:46:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/textile-industry-report-calls-for-capturing-billions-in-lost-value\\\/\"},\"wordCount\":517,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\"},\"articleSection\":[\"Press Quotes\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/myechoproject.com\\\/TES\\\/textile-industry-report-calls-for-capturing-billions-in-lost-value\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/textile-industry-report-calls-for-capturing-billions-in-lost-value\\\/\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/textile-industry-report-calls-for-capturing-billions-in-lost-value\\\/\",\"name\":\"Textile Industry Report Calls for Capturing Billions in Lost Value - Third Eyesight\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#website\"},\"datePublished\":\"2006-09-16T08:43:00+00:00\",\"dateModified\":\"2022-09-16T08:46:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/textile-industry-report-calls-for-capturing-billions-in-lost-value\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/myechoproject.com\\\/TES\\\/textile-industry-report-calls-for-capturing-billions-in-lost-value\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/textile-industry-report-calls-for-capturing-billions-in-lost-value\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Textile Industry Report Calls for Capturing Billions in Lost Value\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#website\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/\",\"name\":\"Third Eyesight\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#organization\",\"name\":\"Third Eyesight\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/1Third-Eyesight-Logo_small.jpg\",\"contentUrl\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/1Third-Eyesight-Logo_small.jpg\",\"width\":300,\"height\":168,\"caption\":\"Third Eyesight\"},\"image\":{\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/thirdeyesight\",\"https:\\\/\\\/x.com\\\/thirdeyesight\",\"https:\\\/\\\/linkedin.com\\\/company\\\/third-eyesight\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/#\\\/schema\\\/person\\\/185f0e11ac1a68314697808a31fffddc\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/thirdeyesite.in\"],\"url\":\"https:\\\/\\\/myechoproject.com\\\/TES\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Textile Industry Report Calls for Capturing Billions in Lost Value - Third Eyesight","robots":{"index,follow":"index,follow"},"canonical":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/","og_locale":"en_GB","og_type":"article","og_title":"Textile Industry Report Calls for Capturing Billions in Lost Value - Third Eyesight","og_description":"Textile Industry Report Calls for Capturing Billions in Lost Value A report by management consulting firm, Third Eyesight, has called upon the Indian textile and apparel industry to urgently develop capabilities to capture the value that is being lost due to inadequate focus on product development and value addition. The report titled “Eternal Hope to […]","og_url":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/","og_site_name":"Third Eyesight","article_publisher":"https:\/\/facebook.com\/thirdeyesight","article_published_time":"2006-09-16T08:43:00+00:00","article_modified_time":"2022-09-16T08:46:09+00:00","author":"admin","twitter_card":"summary_large_image","twitter_creator":"@thirdeyesight","twitter_site":"@thirdeyesight","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/#article","isPartOf":{"@id":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/"},"author":{"name":"admin","@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/person\/185f0e11ac1a68314697808a31fffddc"},"headline":"Textile Industry Report Calls for Capturing Billions in Lost Value","datePublished":"2006-09-16T08:43:00+00:00","dateModified":"2022-09-16T08:46:09+00:00","mainEntityOfPage":{"@id":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/"},"wordCount":517,"commentCount":0,"publisher":{"@id":"https:\/\/myechoproject.com\/TES\/#organization"},"articleSection":["Press Quotes"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/","url":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/","name":"Textile Industry Report Calls for Capturing Billions in Lost Value - Third Eyesight","isPartOf":{"@id":"https:\/\/myechoproject.com\/TES\/#website"},"datePublished":"2006-09-16T08:43:00+00:00","dateModified":"2022-09-16T08:46:09+00:00","breadcrumb":{"@id":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/myechoproject.com\/TES\/textile-industry-report-calls-for-capturing-billions-in-lost-value\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/myechoproject.com\/TES\/"},{"@type":"ListItem","position":2,"name":"Textile Industry Report Calls for Capturing Billions in Lost Value"}]},{"@type":"WebSite","@id":"https:\/\/myechoproject.com\/TES\/#website","url":"https:\/\/myechoproject.com\/TES\/","name":"Third Eyesight","description":"","publisher":{"@id":"https:\/\/myechoproject.com\/TES\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/myechoproject.com\/TES\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/myechoproject.com\/TES\/#organization","name":"Third Eyesight","url":"https:\/\/myechoproject.com\/TES\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/logo\/image\/","url":"https:\/\/myechoproject.com\/TES\/wp-content\/uploads\/2022\/11\/1Third-Eyesight-Logo_small.jpg","contentUrl":"https:\/\/myechoproject.com\/TES\/wp-content\/uploads\/2022\/11\/1Third-Eyesight-Logo_small.jpg","width":300,"height":168,"caption":"Third Eyesight"},"image":{"@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/thirdeyesight","https:\/\/x.com\/thirdeyesight","https:\/\/linkedin.com\/company\/third-eyesight"]},{"@type":"Person","@id":"https:\/\/myechoproject.com\/TES\/#\/schema\/person\/185f0e11ac1a68314697808a31fffddc","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e68934500e53f3662c63eedee4d0149b5ca37f966bf317abf79b7bfdf52d4136?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/thirdeyesite.in"],"url":"https:\/\/myechoproject.com\/TES\/author\/admin\/"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts\/3411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/comments?post=3411"}],"version-history":[{"count":1,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts\/3411\/revisions"}],"predecessor-version":[{"id":3412,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/posts\/3411\/revisions\/3412"}],"wp:attachment":[{"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/media?parent=3411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/categories?post=3411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myechoproject.com\/TES\/wp-json\/wp\/v2\/tags?post=3411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}