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Inauguration of CITI's Golden Jubilee Celebrations by
the PM on 18th March 2008 was followed by a Golden Jubilee
Session in Hotel Le Meridien, New Delhi. The Golden Jubilee
Session was addressed by eminent speakers from India
and abroad. The session was chaired by Mr. P D Patodia,
Chairman CITI and addressed by Mr. Santosh Bagrodia, MP
and Chairman, Department Related Parliamentary Standing
Committee on Industry. Mr. Manikam Ramaswami, CMD,
Loyal Textiles, Mr. B K Patodia, Past Chairman,CITI,
Mr. Walter Simeoni, President ITMF and Mr. Peter Gnaegi,
CEO, Textile Systems, Reiter Management AG, made
presentations at the session. Mr. Shishir Jaipuria, Vice
Chairman, CITI delivered the vote of thanks. |
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| Speaking at the Golden Jubilee session, Mr.Santosh
Bagrodia, Member of Parliament, said that Asian countries
need to strategize their growth path in cooperation with each
other, not only to ensure that all of them are able to utilize
their potential in full but also to avoid being exploited by the
importing countries by creating unhealthy competition. The
objective should be to use raw materials, skills, and
entrepreneurial expertise available in the region to the full
with minimum duplication and maximum coordination, he
said. Mr. Bagrodia said that India needs more integrated
textile parks and the government might consider
implementing more such parks in future. |
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| Textiles and Inclusive Growth |
| In his presentation on 'Textiles and clothing- the best
vehicle to deliver inclusive growth', Mr. Manikam
Ramaswami, Chairman, Loyal Textiles, said that while India
created an excellent eco-system for intelligent
entrepreneurs to grow faster than their counterparts in
other parts of the world, the economy has failed to take
care of the underprivileged. The growth does not translate
into poverty eradication effectively. There are 400 million people earning below USD 2 per day; but earning enough
to buy themselves 1900 cal food per day and hence are not
counted as poor, though undernourished. Mr. Ramaswami
said that 260 million people cannot even buy themselves
1900 cal of food and are considered poor; per capita income
for this group is virtually the price of one apple per day. |
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| The need for inclusive growth is more predominant now
than ever before. India's GDP is growing but while this
growth is juxtaposed with the social development indices,
like hunger index, infant mortality index and maternity
mortality rate, one can see that there is no correlation
between rate of GDP growth and the net rate of poverty
removal and improving the social development. Here comes
the relevance of textile industry which gives massive
employment opportunities in rural India. Moreover, the
industry supports agriculture in over 9.5 million hectares of
land where cotton is cultivated. Cotton GDP growth is over
14% - as against close to 3% for agriculture on the whole
and 11% for industry. "If we take out cotton, agriculture
GDP growth rate will be negligible" said Mr. Ramaswami.
These two vital linkages cannot be ignored and helping the
textile industry to grow will automatically translate into rural
employment generation and empowering the
underprivileged sections. |
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| people earning below USD 2 per day; but earning enough
to buy themselves 1900 cal food per day and hence are not
counted as poor, though undernourished. Mr. Ramaswami
said that 260 million people cannot even buy themselves
1900 cal of food and are considered poor; per capita income
for this group is virtually the price of one apple per day. |
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