Join us in exploring the dynamic landscape of leadership and the compelling dialogues that drive progress in the world of textile manufacturing and sustainability. Here we share insights on industry conversations, collaborative initiatives, and speaking engagements.
A commentary piece in the Economics Times by Arvind Panagariya, former Chief Economist at the Asian Development Bank and previous vice-chairman of the Government of India think-tank NITI Aayog, has highlighted the cost-efficiency of job creation in the apparel sector versus other industries. Comparing Shahi with Reliance Industries Limited (RIL) – a large conglomerate with operations in energy, petrochemicals, textiles, natural resources, retail, and telecommunications – he found that Shahi creates 252 times the number of jobs of RIL with a similar amount of assets. The findings lead to a conclusion that we have been committed to for many years: the apparel sector is a powerful opportunity to create high quality, formal employment, especially for India’s dwindling female workforce.