Pressure to adopt new technology sets garment exporters thinking
The Indian garment industry, dominated by small business, is in a dilemma -- should it go head-on into acquiring foreign machines or adopt a cautious approach in this regard. Modernisation of processes and practices has become imperative in the face of increased competition from South Asian countries and the recent devaluation of their currencies.
To expand, take note of various investment criteria
Continuous availability of surplus cash inflows from business operations is the symbol of a successful entrepreneur. This motivates him to expand business operations, carry out replacement of old and obsolete plants and machinery or equipment and modernise the production process. It also encourages him to incur long-term commitments by way of capital expenditure.
