Raymond Group's Gautam Hari Singhania calls for Khadi promotion, optimistic about Indian textile industry growth
Raymond Group's chairman and managing director Gautam Hari Singhania highlighted the importance of promoting khadi and harnessing India's textile legacy to drive future growth at the recent India @2047 Summit hosted by ABP Network.
Speaking on the theme 'The Fabric of India: Strength and Sustainability,' Singhania reflected on the country's historical role in global textile trade. 'Khadi needs more push," said Singhania, the business reported in a press release. "There is so much talent in that space. I admire what they are doing... I also think the mindset around ethnic wear is changing, we are finally starting to wear our own with pride.'
Singhania also emphasised the present opportunity for India in global textile trade. 'This is the most opportune time for the Indian textile industry," said the executive. "We just need to stay one step ahead." Singhania cited global shifts and increasing sourcing challenges faced by countries like China as further opportunities for growth.
Marking Raymond's centenary, Singhania shared, 'Raymond completes 100 years this year. Our fabrics travel to 55 countries today, representing the modern era of India's manufacturing strength... Raymond is a national asset. We nurture the brand like we would a child.'
Singhania concluded his speech with a broader industry outlook: 'India ranks fifth globally in the textile segment and the industry is the second-largest employer in the country. We have all the right elements to become a global textile powerhouse.'
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