CITI’s YEG Seminar On Megatrends Shaping Textile & Apparel Sector
The Young Entrepreneurs Group (YEG) of the Confederation of Indian Textile Industry (CITI) organised a session on ‘Megatrends Shaping the Textile & Apparel Industry’.
Rajjnish Aroraa, Chairman of the Young Entrepreneurs Group emphasised the critical importance of comprehending and adapting to the megatrends influencing the textile and apparel sector.
Arvind Singhal, Chairman of Technopak Advisors, took the floor with a comprehensive presentation delving into the intricate landscape of ‘Megatrends Shaping the Textile & Apparel Industry.’
Attendees gained valuable insights into various trends encompassing textiles and apparel trade, sustainability, technological advancements, consumer behavior, market dynamics, and regulatory shifts.
As the keynote speaker, Singhal provided a profound analysis of the megatrends significantly impacting the textile and apparel domain.
He explained the core drivers behind these megatrends, and their ramifications on businesses, and proposed strategies for adaptation and growth.
Moreover, he elucidated on implications of these trends on the Indian textile industry, considering factors like market demand, competitive dynamics, supply chain intricacies, and governmental policies.
The session also explored the influence of digitalisation and technology covering topics such as e-commerce, digital marketing, virtual design and prototyping, smart textiles, and Industry 4.0.
Additionally Singhal delved into evolving consumer preferences and trends encompassing shifts in fashion, lifestyle preferences, increasing demand for customisation, and significance of ethical and transparent supply chains.
Through events like this, the Young Entrepreneurs Group continues to provide a robust platform for knowledge dissemination, collaboration, and innovation among young entrepreneurs.
Such initiatives facilitate members in staying abreast of industry trends, forging valuable connections, and drawing inspiration to drive positive transformations and growth within the sector.
