Shri Minesh V. Adhvaryu
Director,
Kushal Textile Institute
Surat
A Little Drop Of KNOWLEDGE, Flavored With WISDOM, Make Big DIFFERENCES.
The MSME sector of the textile industry in India has been undergoing a significant transformation over the past two decades, particularly since 2005. The industry has increasingly adopted modern weaving technologies to compete effectively in both domestic and global markets in terms of quality and cost-efficiency. During this period of revolution, one crucial factor emerged—knowledge. In today’s textile business, acquiring knowledge has become essential for achieving success.
In today’s textile industry, imports and exports have risen significantly, making it essential to expand our business perspective. In this evolving landscape, having a strong understanding of technical aspects and internationally recognized terms is crucial.
The MSME sector of the textile industry has not placed significant emphasis on acquiring technical and professional knowledge. Even today, the majority of entrepreneurs in this segment rely primarily on family-owned expertise. This mindset is largely influenced by the shortcomings of our educational system. While universities focus on imparting knowledge for managing large and composite industries, the MSME sector requires specialized expertise in handling decentralized industry operations.
The textile industry today demands entrepreneurs and traders with knowledge and vision—individuals who are prepared for global competition and understand the intricate details of the business. Success in this field comes to those who are fundamentally equipped and well-informed.
Often, potential opportunities are missed simply due to a lack of knowledge and information. Conversely, some entrepreneurs take on projects beyond their capabilities, leading to difficult situations and poor decisions. In today’s fast-paced world, a single wrong decision can have severe consequences—something only an experienced person can truly explain.
In a highly competitive market, business decisions must be made swiftly. A correct decision taken too late will not yield the desired benefits. The mantra of today’s business world is “Move Fast – Act Fast.” In this strategic era, success depends entirely on knowledge.
In this sector of the industry, individuals often enter the business due to financial strength, connections, or family legacy. However, over time, they come to realize the importance of business and entrepreneurial knowledge. It’s not that they lack education—many are well-qualified experts but in fields unrelated to the textile industry.
By the time this realization sets in, they may have already invested lakhs or even crores into the business. At this stage, they often find themselves confused, and unsure of what steps to take next or where to seek guidance. Factors like their social status, age, and the constant demands of business leave them feeling overwhelmed and pressured, leading to frustration and uncertainty.
Age is never a barrier to gaining knowledge; learning is possible at any stage of life. There is no shame in lacking knowledge, but refusing to seek it is. As the saying goes, “There is always a way if you are committed,” and “Where there is a problem, there is a solution.”
In today’s highly competitive environment, knowledge is essential for successfully managing an industry or business. Investing in learning not only benefits individuals but also strengthens the industry as a whole.
Summary – knowledge empowers individuals to:
- Enhance the organizational culture
- Challenge pre-existing mindsets
- Embrace change and adopt suitable technology
- Prioritize innovation
- Make timely and informed decisions
