THINK BUSINESS. THINK BW BUSINESSWORLD. Name: Mr/Mrs: Designation: Organization: Address: City: State: Pin: Email: Mobile No.: Amount Rs.: Transaction No.: Date: NEFT Details: BW BUSINESSWORLD MEDIA PVT LTD A/c No. : 50200003029707; Bank: HDFC Bank Limited; IFSC Code: HDFC0001236 Please send scanned copy of form on below address OR Whatsapp to Vinod Kumar - Circulation & Subscription BW BUSINESSWORLD MEDIA PVT LTD; 74 -75, Ist Floor, Amrit Chamber, Scindia House, Connaught Place, New Delhi - 110001 Phone / Whatsapp: +91 9810961195 /9873826570; Email: [email protected] ` Magazine Name: Term: Amount: businessworld111.123@hdfcbank fifffflffiflflffl October 2022 PRICE ` 300 www.businessworld.in SATYA PAL SINGH BAGHEL Union Minister of State, Ministry of Law and Justice INDIAN CRIMINAL JUSTICE SYSTEM REQUIRES A REVISIT INDIAN CRIMINAL JUSTICE SYSTEM REQUIRES A REVISIT INSIDE Law School Rankings 2022 30 Under 30 Best Lawyers and Legal Influencers 2021 PRIME RNI Code No. DELENG19762 | Sept-Oct 2023 | Rs.300/ Volume 3 Issue 3 | Bi-Monthly | Published from Delhi in English RUCHI SHARMA KALRA HARSHVENDRA SOIN FARZANA ADENWALLA ARCHANA CHADHA PREETHI RAMNARAYAN KAPIL TAKKALAPALLY SOURABH DEORAH ADITI MUKHERJEE DILLIP KUMAR PATEL MANU WADHWA BIPLAB BAKSHI AARTI SRIVASTAVA SHOBANA PRIYA VINAY RAZDAN As HR role evolves to encompass more sensitive responsibilities, CHROs steer their teams with agility, compassion and empathy 8th 2023 PREM SINGH SY SIDDIQUI ANDLEEB JAIN ROLI SINGH DEEPSHIKHA MUKERJI PRIYANKA MOHANTY BHAVYA MISRA w w w.bweducat i o n.com Rs 300 AUGUST-SEPTEMBER 2023 PB Sharma Vice Chancellor, Amity University Gurugram, describes how the institution strives to convert every student into a multitasker and future-ready ALSO: ENGINEERING EXCELLENCE IN THE TIMES OF How are leading IITs and NITs grooming their students to thrive amid disruptive technologies and challenges of the 21st Century RANGAN BANERJEE DIRECTOR IIT DELHI V KAMAKOTI DIRECTOR IIT MADRAS K UMAMAHESHWAR RAO DIRECTOR NIT ROURKELA LAXMIDHAR BEHERA DIRECTOR IIT MANDI PARAMESWAR K IYER OFFICIATING DIRECTOR IIT GUWAHATI KAMAL KISHORE PANT DIRECTOR IIT ROORKEE ABHAY KARANDIKAR DIRECTOR IIT KANPUR BWHOTELIER.COM `300 A HOTELIER’S BIMONTHLY INSPIRATION - THE PEOPLE SPECIAL VOL. 09 ISSUE 04 JUL-AUG 2023 CULTIVATING, NURTURING AND ELEVATING HOSPITALITY STARS TALENT GREENHOUSE fiffffl ffiflffl ffi ffiffffl fiffffl OCTOBER-NOVEMBER 2023 | Rs 300 LEADING WITH THE HEART LEADING DR. DEVI SHETTY Founder, Chairman, and Executive Director of Narayana Health on Ʃardiac care in India and advancements in heart treatment HEALTHCARE WORLD 30 UNDER INSIDE 30 DR. ASHOK SETH Chairman Fortis Escorts Heart Institute on quality stents SANJEEV PANCHAL Country President & MD AstraZeneca India on Innovative Medicine Oct-Nov 2023 I ` 300 www.bwwellbeingworld.com fifffflffifl ffiffffff fifffffiff fifffflffifflflffi flfflflfflfiffffi fl ffi fiffl flfflffl fl fififfi fflfl fl ffiffffl fl flffl fflff ffi ffifflffffifl flffiflffl fl ffi fflffifffiff fflff fflffiflffi flfflflfl ffi fflfl ffl fflflffl LAST WORD INSIDE COLUMN BY Spiritual teacher and practitioner Sister BK Shivani speaks about Karma, leadership and more fifffflffiflfflffiflffi fflffiffi flffi SUBSCRIBE & SAVE 40% + A MARKETING WHITE BOOK FREE To Subscribe online Please scan the QR code BW BW BW BW BW TERM BW BUSINESSWORLD EDUCATION PEOPLE HEALTHCARE WELLBEING HOTELIER 26 Issue 6 Issue 6 Issue 6 Issue 6 Issue 6 Issues 1 YEAR ` 5200/- ` 1800/- ` 1800/- ` 1800/- ` 1800/- ` 1800/- ` 3499/- ` 1499/- ` 1499/- ` 1499/- ` 1499/- ` 1620/- 52 Issue 12 Issue 12 Issue 12 Issue 12 Issue 12 Issue 2 YEAR ` 10400/- ` 3600/- ` 3600/- ` 3600/- ` 3600/- ` 3600/- ` 6499/- ` 2699/- ` 2699/- ` 2699/- ` 2699/- ` 3060/- 78 Issue 18 Issue 18 Issue 18 Issue 18 Issue 18 Issue 3 YEAR ` 15400/- ` 5400/- ` 5400/- ` 5400/- ` 5400/- ` 5400/- ` 9499/- ` 3799/- ` 3799/- ` 3799/- ` 3799/- ` 4320/- MY MAGAZINE CHOICE (S)
102 | B W BUSINESSWORLD | 13 January 2024 The BW Businessworld Marketing Whitebook Summit, organised by BW Marketing World in association with BW Businessworld, marked its 18th edition. Held in Delhi and Mumbai under the theme #iammarketer: Gen AI to Gen Z, the summit brought together industry leaders, marketers, and innovators for insightful discussions. Focusing on the transformative impact of generative AI and the expectations of tech-savvy Gen Z consumers, the summit emphasised adaptability and innovation in navigating the complex marketing landscape. Moreover, the summit saw the unveiling of the 18th Edition of Marketing Whitebook. By Reema Bhaduri PHOTO FEATURE BW BUSINESSWORLD MARKETING WHITEBOOK SUMMIT DECODING GEN AI TO GEN Z Mohit Malhotra, Chief Executive Officer, Dabur India discusses industry transformation through advanced tech, evolving consumers, and changing brand expectations in his keynote address Sameer Satpathy, Divisional Chief Executive, Personal Care Products, ITC talks about the evolution of consumers amidst technological impacts
13 January 2024 | B W BUSINESSWORLD | 103 Richa Singh, Managing Director, Natural Diamond Council in a conversation addressing brands leveraging AI’s impact on businesses with Dr Annurag Batra, Chairman & Editor-in-Chief, BW Businessworld Group L-R: Salil Kapoor, CEO, Hindware Home Innovation and Sanjay Bhutani, Managing Director - India & SAARC, Bausch & Lomb India discusses AI’s potential in business growth and consumer engagement with Arjun Yadav,Senior Correspondent, BW Businessworld (Session Chair) Vikas Gupta, Group CEO, VLCC articulate on regulations in the age of AI Sudhakar Rao, Director, ICFAI Group of Educational Institutions examines AI’s impact questioning if it amplifies marketing’s essence in humanity Photographs by Naval Kishor
104 | B W BUSINESSWORLD | 13 January 2024 Nikhil Mathur, Managing Director - India, GfK - an NiQ Company discusses the surge in consumer optimism in 2023 in his knowledge address Sarvesh Tiwari, Founder & MD, PR Professionals talks about effective media communication and public speaking L-R: Sai Narayan, CMO, PolicyBazaar and Gauri Malhotra, CMO, Bombay Shaving Company outlines modern marketing skillsets with Reema Bhaduri,Editorial Lead, BW Marketing World (Session Chair) PHOTO FEATURE
13 January 2024 | B W BUSINESSWORLD | 105 L-R: Harbinder Narula, CEO, BW Wellbeing & Healthcare (Session Chair) speaks with Pallavi Chopra, Chief Marketing Officer, Redbus; Tathagat Jena, Head - Marketing, India & APAC, HMD Global and Ipshita Chowdhury, Chief Marketing Officer, Valvoline on managing marketing expectations L-R: Deba Ghoshal, VP & Head of Marketing, Voltas ; Nitin Sethi, Joint President, Chief Digital Officer, Adani Group; Neelima Burra, Chief Strategy & Transformation Officer, Luminous Power Technologies and Siddhartha Butalia, CMO, Air India Express discuss making short-term compromises for longterm gains with Hoshie Ghaswalla, CEO, BW Engage L-R: Rahul Talwar, Chief Marketing Officer, Max Life Insurance; Ruchika Gupta, Marketing Director, Beam Suntory India and Sushmita Nag, Chief Marketing Officer, Fenesta Building Systems speak to Resham Suhail, Editorial Lead, BW Disrupt (Session Chair) on leveraging AI for brand loyalty
106 | B W BUSINESSWORLD | 13 January 2024 L-R: Soumya Sehgal,Senior Editorial Lead, BW Marketing World (Session Chair) discusses the evolving mindset of the always-online consumer with Rajeev Jain, Senior Vice President - Corporate Marketing, Dharampal Satyapal (DS Group); Gaurav Sinha, Head - Marketing & PR, Audi India and Kunal Sharma, AVP - Marketing & Modern Trade Ecommerce, KRBL L-R: Shivam Ranjan, Head - Marketing Asia Pacific, Motorola Mobility; Sumeet Pahwa, Head - Brand, Social & Media, Tata Tele Business Services and Nimish Agrawal, Senior Vice President & Head - Marketing, Niva Bupa Health Insurance speak to Reema Bhaduri,Editorial Lead, BW Marketing World analysing future marketing leadership Unveiling BW Businessworld’s Marketing Whitebook 2023-2024 L-R: Rajany Pradhan, Special Correspondent, BW Businessworld (Session Chair) speaks to Amit Sethiya, Head - Marketing, Syska Group; Ashish Tewari, Associate Vice President, Digital Marketing, Lodha and Vineeth Viswambharan, Associate Vice President, Marketing & Sales, Adani Wilmar on AI's impact on traditional advertising
13 January 2024 | B W BUSINESSWORLD | 107 L-R: Atit Mehta, Marketing Head, Byju’s; Abhishek Gupta, Chief Marketing Officer, Edelweiss Tokio Life Insurance ( Session Chair) and Saurabh Pandey, Head - Commercial Marketing, HP India delve into the mainstream integration of generative AI and its impact on Gen Z Siddhartha Laik, Founder, IWMBuzz (Session Chair); Yatnesh Pandey, VP - Marketing, Greenply Industries and Sudeep Chawla, Vice President - Marketing, Pidilite delve into the expanding role of sustainability in marketing L-R: Jyoti Kumar Bansal, Chief - Brand & Communications, CSR, Sustainability, Tata Power; Deepali Naair, Group CMO, CK Birla Group; Suresh Chand, Vice President and Head Marketing, Snacks, Noodles & Pasta, ITC; Puneeth Bekal, Director - Area Marketing, Mastercard and Sunil Khosla, Founder, Unicorn Next discuss marketing’s ability to prioritise long-term gains over short-term results L-R: Ajay Dang, President & Head - Marketing, UltraTech Cement; Dr. Kamaljit Anand, Managing Partner & Chief Data Scientist, KiE Square; Sujatha V Kumar, Head - Marketing, India & South Asia, Visa; Sunil Gadgil, Marketing Director, Nivea India and Somesh Surana, HeadDigital Business Group and Marketing, HDFC ERGO explore the potential of AI in predicting changing consumer behaviour
108 | B W BUSINESSWORLD | 13 January 2024 Here is a must-read list of books on the Indian economy, business success strategies, EDITOR’S CHOICE BOOKS TITLE: Breaking the Mould: Reimagining India’s Economic Future Authors: Raghuram Rajan, Rohit Lamba Pages: 336 Price: 799 Publisher: Penguin Business TITLE: Adapt: To thrive, not just survive Author: Harit Nagpal Pages: 224 Price: 408 (Hardcover) Publisher: Westland Business TITLE: Another Sort of Freedom Author: Gurcharan Das Pages: 296 Price: 699 Publisher: Penguin Random House India TITLE: Common Yet Uncommon: 14 Memorable Stories from Daily Life Author: Sudha Murty Pages: 200 Price: 399 Publisher: India Penguin TITLE: Getting Dressed and Parking Cars: The Magical Story of Building a Gaming Company Author: Alok Kejriwal Pages: 200 Price: 299 Publisher: Penguin Business TITLE: Modi & India: 2024 and the Battle for Bharat Authors: Rahul Shivshankar, Siddhartha Talya Pages: 368 Price: 699 Publisher: Vintage Books BOOKS TO By Team BW
109 | B W BUSINESSWORLD | 13 January 2024 wellbeing and more to prepare business and young leaders for the year ahead READ IN 2024 TITLE: How Joyalukkas Became the World’s Favourite Jeweller Authors: Joy Alukkas, Thomas Scaria, Nidhi Jain Kumar Pages: 256 Price: 699 (Hardcover) Publisher: HarperCollins India TITLE: Office Secrets: 50 Human Truths You Should Absolutely Know Author: Harish Bhat Pages: 256 Price: 399 Publisher: Penguin Business TITLE: Questions You Always Wanted To Ask Author: Swami Mukundananda Pages: 216 Price: 295 (Paperback) Publisher: Rupa TITLE: The Last Dance of Rationality: Making Sense of an Unravelling World Order Author: Rohit Prasad Pages: 352 Price: 799 (Hardcover) Publisher: Hachette India TITLE: The Power of One Thought : Master Your Mind, Master Your Life Author: BK Shivani Pages: 296 Price: 299 (Paperback) Publisher: HarperCollins India TITLE: We Also Make Policy : An Insider’s Account of How the Finance Ministry Functions Author: Subhash Chandra Garg Pages: 520 Price: 799 (Hardcover) Publisher: HarperCollins India
110 | B W BUSINESSWORLD | 13 January 2024 LIP PHONES OR FOLDABLES, whatever they’re being called at this point, are not new anymore. What’s new is the technology the smartphone manufacturing companies keep on adding to get customers to buy these things. If you really think about it, and I mean, really ponder over it, you will ask yourself, “why even go for a foldable smartphone?” At the price point that these phones come at, you can easily afford other flagships from Apple, Samsung and Nothing. Even Oppo has great non-foldable smartphones in its catalogue. Oppo has tried very hard to make this phone likable. The design resembles the Oppo Find N2 Flip, which was already a very good design to begin with. With little additions here and As far as the Oppo Find N3 Flip is concerned, using it has been a delight. However, whether you’d want to spend almost a lakh rupees on it depends on your priorities. The design resembles the Oppo Find N2 Flip, which was already a very good design to begin with. With little additions here and there in the aesthetics department and a new chipset from MediaTek, the Find N3 Flip does prove to be a fresh product. GADGET REVIEW OPPO FIND N3 FLIP F T ON THE FLIP SIDE: OPPO'S NEW FOLDABLE DRESSES UP TO IMPRESS ByDeep Majumdar Oppo Find N3 Flip
13 January 2024 | B W BUSINESSWORLD | 111 In the end, we have the broader question. Are foldable smartphones really worth the price tag? What exactly are foldable smartphones providing that their non-foldable counterparts aren’t? Given the price bracket of the Find N3 Flip and most of the foldables in the market, there are a plethora of smartphones that pose as better options. Even if you look at it from a foldable smartphone-only perspective, the market is packed with tempting options. Samsung, One Plus, Motorola and Techno offer some very good value for money foldable smartphones. The phone has often been touted as a companion for content creators owing to its camera unit and its front display which can be useful for vlogging. This, however, begs the question why would someone buy a smartphone with this price tag for content creation when they can easily go for alternatives The GoPros, the Insta 360s or the DJI Osmos have already proven their mettle when it comes to content creation. They are durable, versatile and utilitarian. As a content creator, I would obviously go for something that does not cause a cardiac arrest every time it bumps into something. This brings us to the next point, the Find N3 Flip is simply too fragile or at least it appears to be. The device is not that delicate, to be honest. I have dropped it multiple times and it still works. However, it does appear to be more delicate than it actually is. The hinge makes a very subtle noise while the smartphone is being folded. Surprisingly this is not the case with the new One Plus Open, which is essentially an iteration of the Find N3 Flip with a wider display, of course. What’s Good? Oppo’s flagship foldable does have its fair share of negatives but it does have some amazing features too. Are foldable smartphones really worth the price tag? What exactly are foldable smartphones providing that their non-foldable counterparts aren’t? there in the aesthetics department and a new chipset from MediaTek, the Find N3 Flip does attempt to deliver a fresh product. However, I strongly believe that the phone falls short in some areas. Let’s look at the details. Hinge A constant battle that foldables have to fight is making sure the user experience is top tier. This is where elements like the hinge used in the device come at play. In the case of the Oppo Find N3 Flip, the hinge is not one of its strong suits. The smartphone feels quite flimsy, to be honest. It lacks the muchneeded sturdiness that its competition possesses. Bloatware A smartphone that costs almost Rs 1 lakh cannot justify bloatware of any kind. The very reason one goes for a flagship device is to get that crème de la crème experience. Personally, bloatware is where I draw the line. Crease This one is not a deal breaker but it does make you wonder. Why can’t Oppo fix the abundantly evident crease while its competition has found a way to do away with this minute inconvenience. No Screen Protection The phone uses flexible display technology, which essentially means it folds. This makes having an additional screen protector a difficult task. Only 44W SUPERVOOC Charging The phone comes with an 80W adapter but only supports 44W charging.
112 | B W BUSINESSWORLD | 13 January 2024 MediaTek Dimensity 9200 Processor Having a flagship processor does have its perks. The smartphone is a beast of a machine with MediaTek’s top-tier SoC. The chip can handle anything and everything thrown at it. Games run smoothly with no lag at all. Top games such as BGMI and FC 24 get good frame rate and run like a hot knife through butter. Thermals are a concern, though. The phone heats up quickly while running high end games. With an Antutu score of 1,019,520, the eight-core 64-bit 4nm Dimensity 9200 is a marvel of technology that looks you in the eye and makes you witness its computing prowess. Camera The camera unit in the Oppo Find N3 Flip is impressive. The 50MP+32MP+48MP trio gets the job done. While the front facing 32MP sensor is not the best in the game, it does a good job. The primary sensor has built-in OIS which makes videography on this device a delight. The primary and ultra-wide lenses take sharp photographs. The 2X zoom lens isn’t behind either. It retains a good amount of clarity in day time photos. The phone can take 4K videos at 30fps and 1080P videos at 60fps. Night mode is automatic and does not disappoint. The thing that bothered me the most was that while folded, the primary camera cannot record 4K videos. The phone also does not support 4K recording if you turn on the cover screen while shooting. 12GB RAM LPDDR5X The 12GB LPDDR5X memory serves the Find N3 Flip well. It acts as a necessary tool to complement all the activities that one expects from a flagship device. UFS 4.0 Storage The phone comes with UFS 4.0 storage with a capacity of 256GB. UFS 4.0 offers data transfer speeds of up to 23.2 Gbps which is twice the speed of UFS 3.1 and 4X the speed of UFS 2.1. LTPO Flexible Amoled Display The LTPO technology ensures that the frame rate is variable, a feature that is expected from a flagship device. The frame rates of the primary display can go as high as 120Hz and as low as 1Hz. ColorOS OnePlus users will feel right at home as ColorOS offers a smooth and effortless UI experience, very similar to the OxygenOS. Alert Slider This is one of the most useful features in the entire device. Original OnePlus users will remember this one. The alert slider allows for a quick transition between regular, vibration and silent modes. Final Thoughts: Is it worth it? The question should rather be “are foldable smartphones worth it?” Oppo brands the Find N3 Flip as a convenience. The official website even named one of this phone’s offerings as ‘Effortless Functionality’ and ‘Pocketsized Perfection’. The thing is that consumers aren’t complaining about the size of their smartphones. Space is not an issue. Under the fabulous design, processor and flip action, lies the fact that the smartphone industry is trying to solve a problem that doesn’t exist. R e g u l a r n o n - f o l d a b l e smartphones will always be better choices because they work. Foldables do offer a good set of features and are obviously unique in terms of look and feel but whether they add value that is proportionate to their price tag is the question. As far as the Oppo Find N3 Flip is concerned, using it has been a delight. However, whether you’d want to spend almost a lakh rupees on it depends on your priorities. If looking flamboyant and getting high on the sound that the phone makes when you flip it shut is what does the job for you, go for it. Things To Remember l The body is metallic but is prone to scratches. Do use the protective cover that is provided in the box. lDue to the Flexible Display Technology, the screen is more prone to damage than its non-flexible counterparts. l The phone body is slippery, making it all the more important to be mindful about on where the phone is placed. l Although the Find N3 Flip is IPX4-rated splash resistant, it is recommended that one avoids water altogether. [email protected] GADGET REVIEW OPPO FIND N3 FLIP
113 | BW BUSINESSWORLD | 13 January 2024 Floor Coverings from Kashmir by Promil Pande is a well-researched, academic treatise that offers the reader a glimpse into the history and heritage of the beautiful carpets and rugs that emanate from Kashmir By Srinath Sridharan BOOKMARK REVIEW OF KALEENS, GABBAS AND WAGOO MATS T HE BOOK, AUTHORED by Dr Promil Pande, provides a comprehensive exploration of Kashmiri craftsmanship, focusing on Kaleen carpets, Namdah, Gabba, Ari rugs, and Wagoo mats. The author’s meticulous research and detailed descriptions offer readers a valuable insight into the rich history, techniques, and cultural significance of these floor coverings. The picturefilled book serves as an authoritative reference for enthusiasts, collectors, and those interested in the traditional arts of Kashmir. roots back to the Indus Valley Civilization, the book strives to capture the essence of Kashmir’s material culture. By identifying cultural units in design, it highlights the age-old craft traditions that play a vital role in the region’s tangible and intangible cultural practices. The book offers insights into the unique cultural context shaping Kashmir’s floor coverings, providing a distinct identity to its Kaleen, often overshadowed by the association with Persian carpets. The book also captures the history of how the textile practices For most of us, who find Kashmir an almost alien or exotic area, have to make efforts to understand its rich art and cultural heritage. Known historically for its world-famous Pashmina shawls, Kashmir also boasts a diverse range of floor coverings integral to its households and handicraft industry. With variations in design, production methods, raw materials, and regional influences, the book explores this cultural diversity. From the enduring tradition of Kaleen-weaving, spanning over 600 years, to ancient artifacts like the Wagoo mats, tracing their evolved over the centuries, and global trade routes influenced the arts and cultural evolution. It is fascinating to read about the Indian carpet traditions. Employing descriptive, thematic, and ethnographic modes of analysis, the author skillfully brings forth instances of carpet-weaving traditions that resonate uniquely with Kashmir. Meticulously researched and complemented by rich illustrations, this book caters to readers interested in textiles, carpets, and indigenous tangible and intangible cultures and craft traditions. The book offers interesting anecdotes like the genesis of the phrase “Lassa Kachru” that refers to those using unfair trade practices. The expression evolved in the early 20th century. However, the book, maintains a somewhat academic tone in places, making it more suitable for readers with a specific interest in the subject matter. Books such as this serve as powerful reminders of the positive correlation between the arts, culture, and commerce. They exemplify how a deep understanding of a region’s artistic traditions, can contribute to cultural appreciation and economic growth. In the case of Kashmir, a region integral to India, this reminder is particularly timely. Srinath Sridharan is a policy researcher & corporate advisor TITLE: Floor Coverings from Kashmir – Kaleen Carpets, Namdah, Gabba, Ari Rugs and Wagoo Mats’ Author: Promil Pande Publisher: Niyogi Books Price: Rs 1870 (Hardcover) Pages: 236
114 | B W BUSINESSWORLD | 13 January 2024 DIPALI GOENKA, CEO & MD, Welspun Living on the outlook for the Indian textile industry, the technological innovations shaping the industry’s narrative and growing demand for sustainable products India-centric Shift in Global Textile Dynamics LAST WORD DIPALI GOENKA,CEO & Managing Director, Welspun Living (SAMARTH) are playing a major role in creating a skilled, future-ready workforce for the textile sector. Outlook For 2024 The Indian textile industry is in an upward trajectory of impressive growth, which is projected at 10 per cent CAGR from 2019-20 and set to soar to $190 billion by 2025-26. With a 4.6 per cent slice of the global textile trade, India is sure to make a substantial impact on the world stage. Strategies like ‘China + 1’ as well as India’s growing prominence as a manufacturing leader on the global stage are leading to an India-centric shift in global textile manufacturing dynamics. Looking ahead, we can anticipate some industry-wide trends that will significantly shape the narrative of 2024. Technological innovations — including the integration of AI, automation, and robotics — will continue to drive efficiency and redefine industry standards. Owing to these emerging technologies, global supply chains stand on the cusp of digital transformation, with a promise of promoting transparency and traceability across the industry. The spotlight on sustainable development is set to intensify as consumers become increasingly aware of the environmental and social impact of their purchasing decisions. It goes without saying that we can expect demand for sustainable products to rise in the near future. As we strive for increased demand and a more stable market, I am confident that the lessons from 2023 have fortified us to meet the challenges and seize the opportunities that lie in the future. Welspun Living As Sustainability Leader In the coming year, Welspun Living will continue down its path as a sustainability leader, setting benchmarks for environmentally friendly practices in the textile sector. We aim to remain at the forefront of the textile industry’s journey towards sustainability, weaving this commitment into the very fabric of our operations. I n 2023, India’s textile industry saw some significant moments of learning and a number of victories worth celebrating. Despite challenges, the sector showcased incredible resilience and growth. The industry’s penchant for innovation and its single-minded pursuit of world-class quality played a crucial role in its success, as it continued to meet the increasing demand for technical textiles. The government’s support through favourable policies and investments in research and development contributed immensely to the sector’s growth in the past year. With the launch of the PM Mega Integrated Textile Regions and Apparel (PM MITRA) textile parks, the textile industry is expected to witness a boost in foreign direct investment (FDI)/ green field investments by Indian players as well as job opportunities for the youth. Initiatives such as the Scheme for Capacity Building in the Textile Sector The spotlight on sustainable development is set to intensify as consumers become increasingly aware of the environmental and social impact of their purchasing decisions
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