How do you see the Indian textiles and apparel industry as a whole shaping up over the next few years? Do you think things look good? Neelesh Hundekari: Things look good, but they could be better. If you look at the upstream part of the value chain, which is yarn and fabric, India has a solid competitive advantage, maybe more in yarn and less in fabric. In garmenting, we have lost the plot. In terms of retail, it is an attractive market, one that will evolve on its own. I think there are quite a...