Brandix Chief views scope for large scale firms to grow

Saturday, 20 November 2010 00:20 -     - {{hitsCtrl.values.hits}}

Brandix Apparel Group’s Chief Ashroff Omar recently stated that the establishment of more large scale companies could boost research and development activities so that apparel could provide greater value to consumers.

Omar was delivering the keynote address at an international event which commemorated the completion of The Textile Institute’s 100 years in Manchester.

Omar stated that the apparel producing industry had shattered and that it had been looking for cheap labour. This is because, while automobile, footwear and computer are some of the industries which offer extraordinary products at very competitive prices to its customers, the apparel industry offers them the products at higher rates, he had said.

He further said that a majority of the small businesses did not possess the scale required to give out great value, but that there was still some scope for a handful of five billion dollar companies to grow and transform the business model.

(Source: Fibre2fashion News Desk – India)