July 6, 2009
The textile industry in the country should invest more in Research and Development (R&D) than going for new machineries, C.K. Wong, Executive Director of the U.S.-based Association of the Non-Wovens Fabrics Industry (INDA), said on Friday.
Investment in machinery would yield slow returns, whereas by pumping money in R&D, one can develop own products and marketing strategies, which would yield better results in a short span of time, Wong said, while addressing a two-day international workshop on 'Marketing and Technology of Technical Textiles' here.
The two-day workshop is jointly organised by Seshadri Ramkumar of Texas Tech University and Bangalore-based TechniTex Nonwovens, in which 140 delegates are participating.