Home / Knowledge / News / Apparel/Garments / Chinese apparel investors optimistic on India & Sri Lanka
Chinese apparel investors optimistic on India & Sri Lanka
30
May '13
The Chinese textile and garment industry is currently passing through a transition phase underscored by two main trends – transformation and upgradation of the industry, and relocation of manufacturing to other countries, especially countries in South and Southeast Asia.
 
In order to help enterprises that are willing to opt for the second strategy, China Textile Import and Export Chamber of Commerce organized a trip for representatives of some textile enterprises to India, Sri Lanka and other countries, last month.
 
The aim of the trip was to make in-depth research on the development of textile and garment industries in those countries as well as to gauze trade and investment environment in those countries.
 
The visit of the Chinese delegation included a study on Brandix India Apparel City (BIAC), located in Visakhapatnam district of the southern Indian state of Andhra Pradesh. The team found that BIAC has adequate supply of cotton as Andhra Pradesh is the third largest cotton producing state in India. The cotton supply is able to feed the vertically integrated “fibre to store” system at the apparel city. From the view of basic salary, the average monthly salary of workers at the BIAC was roughly equivalent to only 700 yuan.
 
The Chinese team found that labour costs were slightly higher in Sri Lanka, where the monthly salary of garment workers was equivalent to 800 yuan.
 
The team concluded that raw material advantage combined with lower labour costs make India and Sri Lanka attractive destinations for Chinese investors willing to invest in the textile and garment industries in these countries.
 
In terms of production efficiency, the South Asian countries may not be at par with China, but from a comprehensive view, the textile and garment enterprises of these countries are more competitive than the Chinese for low-end products. So, it makes sense for Chinese low-end textile and apparel enterprises to shift to these countries, the delegation concluded.
 

Fibre2fashion News Desk - China

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Suresh Patel
Sidwin Fabric

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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