Welspun Living Inititavies in Envoirment Social & Governance

The Role Of Technology And Innovation In The Growth Of The Textile Industry In India

ADVANCED-TEXTILES

Textile Industry in India - Technology and Innovation

Dating back centuries, the textile company is one of the oldest sectors in the country's economy. In the present day, it holds a significant position, contributing to 14% of the overall industrial production, about 30% of the total exports, and adding 4% to India's GDP. In addition, it remains the second-largest employment generator after agriculture. 

Importance of Innovation in the Textile Industry

Innovation has always been the lifeblood of home textile manufacturers in India. From the invention of spinning to the development of synthetic fibers, every major advancement has come from the creative minds of innovators. In the past few decades, the pace of innovation has accelerated dramatically, thanks to the exponential growth of technology.

The advanced textile industry is now at the forefront of technological innovation. Advances in materials science, data analysis, and automation are transforming the way textiles are designed, manufactured, and distributed. Cutting-edge technologies like 3D printing, artificial intelligence, and the Internet of Things are making it possible to create fabrics and garments that were once impossible to produce.

Welspun India’s Approach Toward Technology and Innovation

At Welspun India, our commitment is to deliver an unparalleled customer experience through continuous innovation and technology. We strive to achieve sustainable and inclusive growth that keeps us at the forefront of all our businesses.

Through our dedication to innovation, we have filed 35 patented technologies globally as of FY 21–22, which have set us apart in the industry. Our passion for technology enables us to create groundbreaking products and services that delight our customers, while also contributing to the greater good of society.

Technological Advancements Made in the Textile Industry by Welspun India 

Indian textile’s continuous innovation and the adoption of new technologies enhance the effectiveness and efficiency of our operations. We are continuously upgrading our technologies and investing in innovations for new products and processes. Some of our latest innovations include:

  • One prime example of our innovation initiatives is the use of technology to mark farmlands and track their performance. Being the leading cotton textile industry in India we have helped to promote sustainable agricultural practices, thereby facilitating the growth of the entire industry.
  • Since its establishment in 2017, Wel-Trak has been our flagship technology for tracing the journey of cotton fiber, from farm to the final product it eventually becomes. Welspun India prioritizes responsible sourcing and utilizes our patented technology, Wel-Trak 2.0, and compliance audits to ensure traceability. 

Advancing Employees in Textile Industry Through Technology and Innovation

At our organization, we are leveraging technology - one of our core strengths - to create an all-around digitally-enabled workplace, where seamless and virtual collaboration can take place. As the leading textile industry in India, we are constantly working towards creating employee-specific technological interventions to enhance productivity and facilitate growth. Digital learning and the upskilling of our employees hold a significant place in our organization. We prioritize the importance of technology in promoting employee development, by providing various learning opportunities through digital means.

Conclusion

Welspun India has demonstrated the immense potential that technology holds for transforming the textile industry. Through its focus on innovation and sustainable practices, the company has set a benchmark for others to follow. By utilizing cutting-edge technologies like Wel-Trak and investing in sustainable sourcing practices, we have not only improved transparency and accountability across its supply chain but also promoted inclusive growth and environmental stewardship.