“Market intelligence helps in taking the right decisions”: ITF

The Indian Texpreneurs Federation (ITF) has always believed in charting out its own distinct path for the betterment of the textile industry. Whether it is through introducing new sourcing methods in cotton purchase for its members or helping mills improve their energy efficiency or sharing market intelligence, it has always been taking proactive steps. We recently interacted with Prabhu Dhamodharan, convenor of ITF, and got to know from him the various new initiatives of the federation, including the ITF training academy, market intelligence platforms and sustainability focus, among others.

- M.K. Prabhakar

India’s largest textile entrepreneurs association from Tamil Nadu, the Indian Texpreneurs Federation (ITF) was established by like-minded textile entrepreneurs with a combined annual turnover of over Rs. 40,000 crores. ITF is India’s fastest growing textile entrepreneurs association representing the entire textile manufacturing value chain from this southern State. It aspires to establish the Indian textiles industry in the global arena and gain world-class status. Beginning the interaction with a brief introduction of the key areas of focus of ITF, Prabhu Dhamodharan said: “ITF now represents the entire value chain of the textile industry in Tamil Nadu. We have around 450 companies on board.”

“Needless to say this number is constantly growing. Spinning is one of our target segments. In spinning, our members currently have a total spindle capacity of around 9 million spindles. We have 230 standalone spinning companies, 40 integrated companies, 90 apparel, 55 modern weaving companies and 20 processing companies as our members. Our focus is very simple. How can we improve the competitiveness of the textile industry? That is our driving mantra. While all the members may be competitors, we have all collected together under one umbrella. It is like a cooperative competition. It is a new terminology, one that can help achieve collaborative growth,” he added.