Home / Knowledge / News / Apparel/Garments / Indian garment exporters exploring new markets
Indian garment exporters exploring new markets
12
Oct '11
Indian garment exporters are exploring new markets in the wake of slowdown in the traditional US and European markets.

The recent downgrading of US rating from AAA to AA+ by Standard & Poor's and the European debt crisis has affected the country's apparel export sector.

A slowdown in spring-summer demand is already visible, as the number of new orders with exporters is declining for the last two months. As a result, exporters are now evaluating trade prospects in Japan and some South American countries.

Mr. Rahul Mehta, President of The Clothing Manufacturers Association of India (CMAI), told Fibre2fashion, “The economies of the US and Europe are facing a downturn once again and so we will be looking at newer markets, especially Japan. Although Japan has also got its own economic problems, India's current level of garment exports to the country is very low and hence, there is a tremendous scope for increasing our exports there.”

“Apparel Exports Promotion Council (AEPC) is, of course, leading the efforts towards increasing our apparel exports to Japan. Along with Japan, South America is another region which the exporters are trying to tap,” he revealed.

He further informed that CMAI is leading a delegation of 12 brands to participate in an upcoming Expo in Hong Kong. “It is a new initiative started by CMAI to market Indian brands outside India,” Mr. Mehta said.

However, the CMAI President cautioned that all these are initial steps to expand India's garment export market. He added, “Exploring new markets do not happen over night or just in one season; it is a very slow process and requires a long-term effort.”

Fibre2fashion News Desk - India


Must ReadView All

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Top executives
Textile & apparel bodies

The decision is transformational

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search