Pulkit Seth
Vice Chairman Pearl Global Industries Ltd - PGIL
We aim to bolster India’s reputation as a leading destination for textile sourcing
The Pearl Global Industries Ltd is a multinational apparel manufacturing conglomerate, with integrated value chain around design and development, global manufacturing, marketing and distribution, and sourcing and supply chain for the world apparel and fashion industry. The company provides complete apparel solutions to leading fashion brands across categories. In view of Bharat Tex 2024, Vice-Chairman Pulkit Seth talks to Fibre2Fashion about the company and its participation in the event showcasing India’s textile prowess.
Given the current trends in global fashion and textile markets, how does Pearl Global Industries Ltd positions itself to tackle the challenges and leverage opportunities in innovation, technology, and consumer preferences?
Pearl Global Industries is currently concentrating on innovation in sustainability as a response to consumer demands for more clothing that is made ethically and sustainably. To achieve this, we are aggressively investing in cutting-edge materials and production techniques that minimise environmental effects. A few examples of these practices include the use of recycled materials, the use of water-saving strategies, and the adoption of eco-friendly dyeing techniques. By utilising technology at every level of the supply chain and manufacturing process, we have been able to increase both the quality of our output and operating efficiency. In addition, we maintain adaptable production procedures that allow us to be quick to react to changes in the market. Regular market analysis and staying abreast of industry trends will be key to effectively navigating the challenges and opportunities in the global fashion and textile markets.
Can you share insights into Pearl Global Industries Ltd’s strategic initiatives for growth and expansion in both domestic and international markets over the next five years?
Our approach to business growth is diverse, encompassing the establishment of new Strategic Business Units (SBUs), expansion into new geographic regions, and both forward and backward integration. We are actively exploring opportunities for market expansion and partnerships to access new markets and distribution channels globally. Expanding geographically ensures our presence reaches far and wide, covering vital markets globally. Over the coming years, our goal is to expand production capacity by at least 50 per cent, serving both domestic and international markets. While we have a robust presence in the West, our focus now turns to establishing a strong foothold in the East as well.
With India being a key player in the global textiles and apparel industry, what role does Pearl Global Industries Ltd envision playing in enhancing the country’s textile exports and global market presence?
Pearl Global Industries Ltd recognises the importance of India’s role in the global textiles and apparel industry and is committed to contributing to its growth and prominence. As a leading apparel manufacturing company, we envision ourselves as a catalyst for enhancing India’s apparel exports and global market presence. We are committed to leveraging India’s strengths in textile production. We are completely committed in producing high-quality garments that meet international standards, thereby enhancing India’s reputation as a reliable supplier in the global apparel industry.
How is Pearl Global Industries Ltd’s participating in or contributing to Bharat Tex 2024, and how do you see it impacting the Indian textiles and apparel industry?
Pearl Global Industries Ltd is very eager to participate and contribute to this significant event. Our plans include showcasing our latest collections, innovative technologies, and sustainable practices to a global audience. We aim to leverage this platform to network with industry leaders, forge partnerships, and explore new business opportunities. Our participation in Bharat Tex will not only raise awareness of our brand and capabilities but also highlight India’s prowess in apparel manufacturing and innovation. By showcasing our high-quality products and adherence to international standards, we aim to bolster India’s reputation as a leading destination for textile sourcing. By actively engaging with industry stakeholders and thought leaders, we hope to contribute to the exchange of ideas and drive collective progress in the sector. Furthermore, we intend to highlight our efforts towards environmental conservation, social responsibility, and ethical sourcing, thereby inspiring other industry players to adopt similar initiatives.
Sustainability is a critical issue in the textiles and apparel industry. Can you elaborate on how companies can align their sustainability practices with global standards and consumer expectations for environmental responsibility?
Aligning sustainability practices with global standards and consumer expectations is very essential indeed. This involves complying with international regulations and certifications, ensuring transparency and traceability in the supply chain, and minimising environmental impact through resource optimisation, ethical sourcing, and innovation in materials and processes. Companies should also prioritise ethical labour practices and engage with consumers to raise awareness and drive demand for sustainable products. Continuous improvement and education are key to fostering a culture of sustainability and building trust in the brand’s commitment to environmental responsibility, ultimately contributing to a more sustainable future for the industry and the planet.
How do you view India’s role and potential as a key apparel sourcing destination in the global market, especially in terms of quality, cost-effectiveness, and sustainability?
Firstly, India boasts a rich heritage of textile craftsmanship, offering high-quality products that meet international standards. With a skilled workforce and access to diverse raw materials, Indian manufacturers can produce a wide range of garments tailored to consumer preferences. Secondly, India’s cost-effectiveness stems from competitive labour costs and operational efficiencies, making it an attractive option for companies seeking to optimise production costs without compromising quality. Additionally, India’s commitment to sustainability is evident through initiatives promoting eco-friendly materials, energy-efficient production processes, and ethical labour practices. With increasing consumer demand for sustainable fashion, India’s focus on sustainability further enhances its appeal as a sourcing destination.
Given the current geo-political situation, including the Red Sea crisis, what steps should the Indian government take to safeguard the interest of domestic exporters?
In response to geopolitical challenges, the Indian government can take many proactive steps to safeguard our interests like aiding in diversifying trading partners to reduce reliance on specific markets, improving infrastructure to enhance supply chain resilience, and promoting free trade agreements to facilitate smoother trade flows. Further financial support and incentives can alleviate the burden on exporters, while diplomatic efforts can help resolve trade disputes and ease barriers. By implementing these measures, the government can bolster the resilience of domestic exporters and ensure sustained growth in international markets amidst geopolitical uncertainties.
Published on: 27/02/2024
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.
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