Home / Knowledge / News / Apparel/Garments / Apparel makers rely on domestic markets
Apparel makers rely on domestic markets
Sep '11
Concerns regarding the spreading debt crisis of US and EU have turned on an intense spotlight on the financial position of the countries. Economists predict these factors as telltale signs of the forth coming double dip recession. Though all businesses would be hit, if recession strikes again, textile and apparel sector would feel the heat more.

Export market for EU and US is currently seeing a slow down due to the much feared recession. This has resulted in a decline in exports by 16.3% during 2010-11. Prospects for the next year are not promising as well. Industry sources state that out of 2000 apparel makers based in Ludhiana, only 20 of them are planning to export for the current year.

On the contrary domestic demand is seeing an optimistic increase. Market is promising; growing at a stable rate. Indian apparel manufacturers are now focusing on the demand from affluent customers in the domestic market to make even out the margins.

Amidst all fears, Indian apparel exporters hold optimistic opinions. There may be job cuts, and fall in production and exports. Still they have a ray of hope that even if recession hits US, India might only witness a slowdown.

Click here to read the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Oct 2016

Indian polyester market demand grows 14% in Q2 FY17: RIL

The Indian polyester market witnessed a demand growth of 14 per cent...

Fashion | On 20th Oct 2016

Replay to explore new markets in 2017

Replay, the iconic Germany based denim brand, is planning to get into ...

Textiles | On 20th Oct 2016

Pakistan proposes Rs200 bn for textile sector revival

A bailout package of Rs 200 billion has been proposed by the Pakistan ...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search