Do any of you anticipate the industry to revive?
Do any of you expect the industry to come out of the embers?
Do any of you wish to see the industry flourish, as it had done a few decades back?
If so, then you are not living in 2009. You are not an Indian. You are not a person acquainted with the textile industry intricacies. You have not interacted with the bankers. You are not aware of the government policy. You know not how difficult it is to get labour. You are insensible to power cuts. You do not know about the power tariff. You are ignorant of the broker’s raj. You are innocent of the quality of raw materials. You little realise the breakdowns. You totally feel that it is easy to run the industry, even after going through all these difficulties.
My advise to you, is you can rear an elephant than run this industry. The elephant’s appetite gets satiated ,once it is fed well, but textiles have a devououring hunger, thet whatever you invest gets decimated in days. Agsain , you have to muster funds, again it disappears. Where will you land, if you go on putting money into a tavern .?
The banker will be behind you.He will file a case in Debt Recovery Tribunal, where your case will be decreed. You have to run to DRAT. Then to the high court, file a writ petition. Is it necessary?
The raw material supplier will catch you unaware, and take you to his lland , for cheque return case. You will be put behind the bars. Is it necessary?
The Provident Fund will take you to task. They would squeeze you for interest at the rate of 36%. If you fail, they will attach your property.Is it necessary?
Friend do not ever go near Textile industry, you will be ripped of your shirt. incidentally, your shirt is a product of this industry.The industry in India is dead. You have to live and to exist in peace and contentment.