Gokaldas Exports MD on PLI scheme, export growth and organic growth expected in ‘24

economictimes.indiatimes.com:

Sivaramakrishnan Ganapathi, MD, Gokaldas Exports, says this year on the low base of last year, there is a growth. Also, the retail-led demand continues to pull up the sector and there is also a move from Western companies to source more from India and that is getting more pronounced when the demand is coming back, so that also is helping us to see more traction. So, overall, in Asia, India, and Bangladesh would see some more growth
As per reports doing the rounds, the centre seems to be planning to bring in some of the textile products like t-shirts, innerwear, etc, under the PLI scheme for textiles. Tell me, if this inclusion were to come in, how does it help you?
Sivaramakrishnan Ganapathi: It will create fresh investments in the sector, so that is good news. And I see that there should be a demand-pull going forward for the next three to five years. So, after an inventory-led low demand last year, we are seeing traction coming back and coupled that with a PLI that encourages additional investment, and if the investment thresholds are kept low, many more new investors will come in, which will be good for the industry. More capacity gets created in India, more can be served out of India, and it will increase exports.

Unlock Leadership Excellence with a Range of CXO Courses

I would like to ask you a larger question. We are getting