ITF to focus on 4 core areas to improve biz performance

The Indian Texpreneurs Federation

(ITF), an association representing the entire value chain of textile manufacturing in Tamil Nadu, has decided to focus on four core areas to improve the overall business performance of the industry as the Mission for the 202021 financial year.

These include setting up an advisory cell with industry and external experts to guide members to step into integration, value creation through sustainability as competitive advantage and empowering people and unleashing people power.

The ITFCRISIL Research report on Financial Performance of the textile sector for the past four years and the recent nine month ended listed company financials show a clear trend of differentiation in margins between Standalone Spinning (Vs) Semi-integrated and Integrated companies

At EBIDTA (Earnings before Interest, Tax, Depreciation and Amortization) is a measure level, there is a clear difference of 250 to 350 basis points and 500 basis points difference in ROCE ...