Home / Knowledge / News / Apparel/Garments / Indian cotton export ban to see muted impact on Padini
Indian cotton export ban to see muted impact on Padini
15
Mar '12
Padini Holdings Berhard, a Malaysia-based company involved in the distribution and retailing of its own fashion labels, will have a muted impact of India's ban on cotton exports, as the company had been stockpiling its inventory during the last two years, according to a report.

India banned cotton exports on March 5, 2012, and partially lifted the ban a week later. This would result in supply shortages as India is the second-largest exporter of cotton globally with a market share of about 20 percent, OSK Research Sdn Bhd said in its report.

The report states that the shortage in supply of cotton would directly affect the global garment industry, but Padini would be impacted only to a certain degree as its management decided to pile up inventory in the midst of high volatility of cotton prices during the past two years.

The foresight of Padini's management would help the company to override the problems that may pop up due to India's ban on cotton exports, the report adds.

The research says Padini is cash-rich and it should have no problems in procuring materials, even if, there occurs a serious supply shortage due to prolonged ban, as it has the capacity to pay upfront.

The report further said the company is doing well and it plans to open three exclusive brand outlets (EBOs) and three multi-brand outlets (MBOs) in the second half of the current year. The new stores would increase Padini's retail floor space by 66,000 sq. ft.

The report concludes that Padini would do well in an increasingly competitive world, through its 235 outlets spread across the country.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search