Apparel Online India Magazine June 1st Issue 2018 | Page 9

MIND TREE at all the levels, we guide our vendors on how to bring their cost down and to improve. Just two years back, our 80 per cent sourcing (or US $ 4 million) was from small players of Bangladesh, but slowly we shifted our sourcing base to India. Earlier we never used to get price in India, but now we are getting such prices, as we trained our Indian suppliers. These vendors are still in profit despite having less costing. They have reduced their wastages, overheads, and commissions, and increased the use of technology. Vishal Singh, CEO, Ishu Impex, Mumbai Being a buying house, we have increased our overall movement – be it having more meetings with the buyers, or attending more and more sourcing fairs, or exploring some such platforms. Earlier we were hardly going to any event but now we are attending such fairs in India as well as in overseas. But these efforts are not enough and I don’t see that things will improve, at least in the next one or two years as things across India and the globe are continuously becoming more and more challenging. To get more business, we are now meeting new buyers, which again is challenging. Deepak Agarwal, Founder, Naman Merchandising Services, Chennai Market is not very conducive and not at all easy to manage. India has all the potential and resources in hand but is not able NEXT MINDTREE QUESTION In August 16-31, 2017 issue of, Apparel Online, we raised the question – How do you see this one year of Smriti Irani as the Textile Minister? Secondly, do you think that the Textiles Ministry will get enough time from the Minister after giving her this extra responsibility of I&B? And the industry had a mixed view on this… Now, soon she is going to complete almost two years as Textile Minister, and presently having the charge of only this portfolio, not to forget that the General Elections are due in April or May 2019 – being a stakeholder of the industry, how do you see the entire scenario? to manage due to global challenges. I feel that policy matter is more important here than any other thing. Apart from that, the only way forward is to find out new markets to sell which are today fragmented and are at different locations. We need to evolve ourselves in different ways, be it in the form of being technology-centric or having sustainable model of working. All in all, we need to develop an eco-system where all stakeholders should be involved. Knowledge sharing needs to be promoted. POST YOUR COMMENTS www.apparelresources.com [email protected] www.apparelresources.com | JUNE 1-15, 2018 | Apparel Online India 9