Sivaramakrishnan Ganapathi, MD of Gokaldas Exports, notes that the company is
experiencing growth due to increased retail demand and a shift by Western companies to
source more from India. He attributes the rise to last year’s low demand base and predicts
further growth in India and Bangladesh. Ganapathi anticipates that including textile products
like t-shirts and innerwear in the PLI scheme will attract new investments, boost capacity, and
increase exports. For Gokaldas Exports, the focus remains on women’s fashion, outerwear,
sportswear, and knits, with an expected organic growth of 15% over the next two to three
years.
Challenges include labor availability and rising costs due to a stable rupee. Ganapathi
emphasizes the need for a balanced approach to wages in the garment sector, considering its
significant employment generation and the predominance of unorganized players. He
highlights the sector’s role in providing secondary income, particularly for women.
Regarding future prospects, Ganapathi expects that recent acquisitions and fabric mill
investments will contribute positively by FY26-27, leading to revenue growth and improved
margins. He advocates for policy continuity, including existing support measures and free
trade agreements with the UK and Europe, to further enhance India’s textile exports.
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