• Who according to you are the competitors for India in the global market?

"The Indian textile industry is currently passing through a difficult phase. Apparel exports have been affected by the recession in major markets of the world. Further, countries like Bangladesh and Vietnam are offering attractive prices and have been able to create a further dent to Indian exports". "We are currently exporting to the U.K and the Middle East and have just started looking at Africa which we feel will be the next booming market".

While the domestic market for Indian apparel sector is competitive at the low end of the value chain, the mid or higher ranges are overpriced. Big firms need to take advantage of the large domestic market in producing economies of scale to deliver cost advantage to the export markets, as ignoring the domestic markets will create issues in the export markets for domestic producers. Organizations must make their supply chain more flexible to overcome these issues. Efficiency in supply chain can bring a savings of 10-15% in the final cost of apparels and Indian producers can compete better in the global market.

References:

1. http://www.andhranews.net
2. www.iimahd.ernet.in