Textile mills must make efforts to understand the changing global context and consider macroeconomic indicators while formulating operations strategies. This article is an effort to highlight the source and kind of economic indicators that must be observed to gain insights in to the evolving market context.
The event was organised by India ITME Society, an apex non-profit industry body in India and co-organised by Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA).
‘ITME-AFRICA 2020’(14th to 16th February 2020) in Addis Ababa, Ethiopia shall become the focal point and catalyst for economic growth, employment generation and technology up-gradation in Ethiopia and other countries in Africa.
Sivakumar is an Textile Technologist born in Dindigul, Tamil Nadu, India. Now he is the Chief Executive Officer (CEO) of Pakiza Cotton Spinning Mills Ltd And Pakiza Spinning Mills Ltd. In 1985 he began his career as Officer in The Tuticorin Spinning Mills. Then he continued his career as Head – Quality Assurance in Premier Fine Yarns Ltd and received Special awardee for the Best Performance and Cost Conservation.
Africa is staring at significantly large supply gap if textile capability is not built-up now.
The rising population and per capita consumption means either Africa should invest on developing a continental eco-system now or must resign to dominance from the Asian behemoths for decades to come.