Challenges and Opportunities for Indian Textile Sector
Date : 24th September 2020 Time : 4:30 PM
At a time when economic growth in India has suffered on account of the pandemic, micro, small and medium enterprises (MSMEs) have been hit the hardest. Lack of size, availability of resources, inadequate access to finance, coupled with high finance costs and complicated labour laws have prevented India’s 63 million MSMEs from realising their full potential. However, it is now widely recognised by all stakeholders – including policymakers – that the welfare of MSMEs needs to be given priority.

CNBC-TV18 and Bandhan Bank come together with an initiative, ‘Sashakt India – Powering the MSME Engine’, which intends to reach micro, small and medium enterprises that seek to rebuild their lives and businesses post the economic and social disruptions caused by Covid-19.

Through a comprehensive outlook on Textile Sector, Sashakt India aims to lay out the agenda for MSMEs, in these challenging times and aims to highlight the opportunities in the macro-economic environment.

Who Should Attend & Why Attend

Who should attend: Leaders, Owners, Proprietors, Decision makers from macro, small and medium enterprises in the Textile sector, that are looking to revive their businesses in the new normal by understanding today’s unique challenges and tapping into the opportunities of tomorrow.

Why attend: India’s textiles industry contributed two per cent to the GDP and employed more than 45 million people in FY19. Post lockdown however the artisans and craftsmen particularly have been hit badly by the pandemic.

Traditionally they have not had easy access to loans due to high risk of defaulting but now with Government intervention of 100% credit guarantee coupled with a ‘vocal for local’ push, the artisans and weavers community will hopefully receive the right kind of impetus.

Additionally, easy access to right information, products and services can help businesses to operate effectively and efficiently.

This discussion will give you insights to some such solutions and tips on reimagining and elevating your business and preparing for its future in the new world.

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