Speaking at ABP Network’s India @2047 Summit, Gautam Hari Singhania, Chairman and MD of Raymond Group, underscored India’s unmatched potential to become a global textile leader, citing the ongoing tariff war as an opportunity India must seize.
“This is the most opportune time for the Indian textile industry,” Singhania said during a session titled “The Fabric of India: Strength and Sustainability.” He emphasized India’s rich heritage—from Dhaka’s muslin to khadi—and called for a stronger push for indigenous fabrics and a change in mindset around ethnic wear.
Reflecting on Raymond’s 100-year journey, he remarked, “Raymond is a national asset. From ₹300 to ₹10 lakh per meter—we serve everyone, from the taxi driver to Mr. Tata.” He shared that Raymond’s fabrics now reach 55 countries, reinforcing India’s manufacturing credibility.
Addressing global supply chain shifts, Singhania noted: “Walmart sources 60% of its goods from China. As trade tensions rise, India must step up with a resilient, scalable supply chain.” He added, “We’re already the third-largest garment maker—we aim to be first.”
On the brand’s expansion into real estate, he explained that high costs in cities like Mumbai made manufacturing unviable, and diversification was a natural response to market realities.
He concluded by emphasizing sustainability, employment, and India’s global ambitions, stating, “We have everything needed to become a textile superpower.”
