Home / Knowledge / News / Apparel/Garments / Apparel industry unlikely to bridge export gap
Apparel industry unlikely to bridge export gap
09
Jan '08
Garment export this fiscal year is likely to miss its target so much so that it may be even lower than last year's record of US $9.4 billion.

Experts believe that there may be a deficit of around $1 billion because of the ongoing appreciation of the rupee. Although, last year the industry saw a growth of 10-15 percent, this year, apparel exports may stay grounded at $8.5 billion.

The export industry is hoping to receive government sops, improve productivity and a revised price line from importers to overcome the disastrous situation. However, it is strongly believed that the only escape from this turmoil is strengthening of the Indian rupee.

Some renowned export companies opine that the currency may probably take a downward trend starting from March. Besides, they are also optimistic that in spite of products having higher prices compared to the Far East countries, importers will not overlook India.

Besides, tax on rentals has also had its toll on the apparel industry since nearly 80 percent of the industry is rental-based.


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Top executives
Textile industry, India

The event should be organised every year

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Larry L Kinn
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search