Home / Knowledge / News / Apparel/Garments / Rupee appreciation tests textile & clothing exporters
Rupee appreciation tests textile & clothing exporters
04
Jun '09
Indian textile industry is under the pressure of troubled times. With the rupee appreciation against the US dollar, more small and medium size firms are going in for lay offs, and shut downs.

Industry analysts state that every week, a unit in Bangalore or Tirupur is closing down. Mr Premal Udani, chairman of the Clothing Manufacturers Association of India, estimates that 500,000 to 600,000 jobs are at stake.

Apparel and textile exports constitute to 30% of the India's export earnings. Decline in the dollar value has affected the volume of exports and the sales figures of the textile exporters.

Due to the economic crisis, US retailers who want more for less money are demanding hefty discounts, which are squeezing Indian exporters.

Before the onset of the recessionary trends, India was on a high growth trajectory, ranking amongst the top five apparel exporters.

Now, the country is no where in the growth graph and the bitter fact is that it is selling products at a price; lower than it was five years ago. India is currently unable to compete with its counterparts in other countries.

Click here to read the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
February 2017

February 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