Nation Current Affairs 28 Jul 2019 ‘India can exp ...

‘India can exploit US-China trade war’

DECCAN CHRONICLE. | S KATHTHASAMI
Published Jul 28, 2019, 3:31 am IST
Updated Jul 28, 2019, 3:31 am IST
The Quality Circle Forum of India (QCFI) and Indian Texpreneurs Forum (ITF) had jointly organized the second edition of the conclave.
US China flag. (Representational image)
 US China flag. (Representational image)

COIMBATORE: “Employees should be empowered and happy employees will increase production,” said, CEO of IDFC Foundation, Rajan, at the national textile conclave, which began here, on Saturday.

The Quality Circle Forum of India (QCFI) and Indian Texpreneurs Forum (ITF) had jointly organized the second edition of the conclave. The event was inaugurated by convenor of ITF, Prabhu Damodaran, in the presence of executive director of QCFI, DK Srivatsava, and chairperson, Coimbatore QCFI chapter, Mohanasundari.

 

With the global export of textiles pegged at USD 260-billion, the export from China to US has gone down by three to four per cent in the last five months, which has to be cashed in on by the Indian textile manufacturers, Damodaran said.

During his special address, Rajan CEO, IDFC Foundation, said, “Happy employees deliver 30 percent more productivity, two times more innovative solutions, and also this leads to less attrition in the organizations. Any organization setting the above things right, always grow in a better way.”

According to Rajan, “Caring and inspiring organizations will attract best talents and also retain the talents and perform better.”

“To achieve it, owners and managers should empower employees. With a good work team, the organization can achieve good results. Owners and managers should work towards identifying the purpose of the organization, and form a vision and take that purpose of the vision to every employee in the organization.

Such a culture will develop and happiness will increase and productivity,” he added.

He noted that it is very important for companies to move from employee satisfaction to employee engagement, and further to employee happiness.

Prabhu Damodharan, convener, ITF said, “We need to strengthen our basics of Tamil Nadu textile sector like manufacturing excellence, consistent quality, and continuous improvement to match the moving benchmarks, best people management, strong HR practices and focus on sustainable textiles. In today's quality conclave, experts explained all these subjects in details and this will be helpful for the industry to understand and implement new ideas in production and marketing.”

He also said, “Value-added products in the apparel segment and large-scale apparel manufacturing will reduce manufacturing cost in basic commodity apparels,” The conclave had eight technical sessions where teams from various textile industries made presentations on topics including best HR practices, sustainable production, optimization techniques, waste minimization and cutting-edge textile technologies. There was also a panel discussion by ITF Board members.

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