Home / Knowledge / News / Apparel/Garments / Clothing exporters face troubled times
Clothing exporters face troubled times
10
Jan '09
Exporters of clothing had no time to celebrate the New Year. They were busy attending local fairs in a bid to penetrate the domestic markets. Many businessmen involved in exports of clothing say that they may even have to skip the upcoming lunar year celebrations.

The reasons are not far to seek. Exports of clothing have showed a very marginal growth in 2008 and enterprises are expecting 2009 to be far worse than the preceding year. And it is just not the exporters of clothing who have been affected.

Exports of all sorts, whether consumer or industrial have been hit by the global recessionary trends. Since the last three decades, China has concentrated on the export industry and now constitutes nearly 60 percent of GDP of the country.

A fall in exports, means a direct hit on the economy due to which for the first time in many years, the Chinese government has changed export oriented policies nearly three times in the second half of 2008, by consecutively increasing the export drawback rates.

The Chinese garment exporters have had a great run till 2007, and many had increased their investments in the last few years with the hope to recoup the same due to the bull run in the clothing exports market.

But, now all hopes along with their investments have crashed. Many are contemplating changing their businesses, while others are trying to penetrate the domestic markets which they are aware is not going to be an easy task with most of their ilk, trying to do the same at the same time.

Fibre2fashion News Desk - India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Poojaa Kumar Deepak
Zeven

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

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi
SVA

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

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

July 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

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

Yes No

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

Yes No

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


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



X