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

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Rahuul Jashnani
Jashn

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

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Silke Brand-Kirsch
Schlegel und Partner

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

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

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

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

Judy Frater
Somaiya Kala Vidya

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search