Mr. Mahendra Tanna, Vice-President, TAI Mumbai Unit welcomed the Chief Guest, Dr. J. N. Singh, Jt. Secretary, (Textiles) Ministry of Textiles, Govt. of India, Guests of Honour, Mr. A. B. Joshi, Textile Commissioner, Ministry of Textiles, Govt. of India, Mr. Man Mohan, Chief Operating Officer, Polyester Sector, Reliance Industries Ltd., Guests, Mr. Atul K. Bhagwati & Mr. V. S. Chalke, Speakers, Press, Media and delegates.

 
     
   
  Mr. C. Bose, President, TAI, Mumbai Unit mentioned in his presidential address gave the details about The Textile Association (India) and said that this is the first time that unit has arranged 2 days International Conference. He said the initiatial preparations of this conference started in March 2008 when the market atmosphere was very healthy. The sudden financial crises in US and there after 26/11 incident in Mumbai brought tremendous on the organizing committee of this conference. He congratulated Mr. V. C. Gupte the Convener and his team for the efforts taken by them. He was very confident that the participants will be benefited from this conference.

 
     
   
 

Mr. V. C. Gupte, Chairman of the Mumbai Unit & Convener, also said that this conference was planned one year back when the situation was very good. It suddenly changed during last 3 months due to the economical crises in US and Europe which affected the global economy.
Indian economy was not exception and it could not insulate from the global meltdown. The textile and the retail big stores were significantly affected. It was followed by the heinous terror attack on Mumbai. It changed everything. He said that after 26/11 incident we thought of postponing this Conference. But due to the support and advice received from our sponsors, well wishers and speakers, especially our overseas speakers, stood by us and gave us the courage to organize the conference as per the original schedule. The Managing Committee of Mumbai Unit decided to give proceeds of this conference to those who were killed & affected in the terror attack.

He said that sincere efforts are been made to cover the contemporary topics in this conference which would set in thought provocation and all of us will have an enlightened and additional knowledge.

 
     
   
  Mr. A. B. Joshi, Textile Commissioner, Ministry of Textiles, Govt. of India, in his address said that Indian is 2nd largest textile economy in the world after China. The Global Textile Market is US $ 530 billion comprising of US $ 219 billion of textiles and US $ 311 billion of clothing’s. India’s share in the Global trade 3.68% as against China sharing about 27.18 %. Even smaller countries like Bangladesh, Pakistan and Thailand have a big market share. He said Govt. of India initiated schemes like Technology Mission on Cotton (TMC), Technology Upgradation Fund Scheme (TUFS), Scheme for Integrated Textile Parks (SITP) and rationalized the fiscal duty structure. The Govt. is confident on implementations of these schemes in the 11th Five year plan the exports will grow at the @ of 22% and will reach US $ 55 billion by 2012. He suggested that the technical textiles which is a niche area and have immense opportunities in the global market should also be explode very seriously.

 
     
   
 


Long Term Global Scenario: India is an emerging player in the global arena of textile industry with many avenues to capture in coming times, India has a bright future to look onto and emerge as a leading contributor to world textiles. In this rising demand, man made fibres, finding use in diversified applications, would grab the lion’s share of 67% by 2015 from the current level of 62%. Despite a slump in 2008, due to global demand slowdown, I expect India to maintain a steady growth in coming years as demand picks up across the world.

The Textile Association, Mumbai Unit felicitated Mr. Atul K. Bhagwati, Chairman, A. T. E. Group of Companies and Mr. V. S. Chalke, Managing Director, Oriental Synthetics & Rayon Mills Pvt. Ltd. with Life-Time Achievement Awards for their contribution in the field of textile industry. The audience gave both of them a standing aviation.

 
     
   
 

Mr. A. V. Mantri, Hon. Secretary, TAI, Mumbai Unit proposed vote of thanks.