Home / Knowledge / News / Apparel/Garments / Indonesian garment exporters expect recovery in Q3
Indonesian garment exporters expect recovery in Q3
17
Jun '09
The Indonesian Textile Association (API) predicted that in the third quarter of the ongoing fiscal year its garment exports to the US, which was impacted badly by the global financial crisis, would recover on a faster pace.

The US President Barrack Obama administration's commitment to disburse industrial stimulus package has lent a helping hand to the garment sector, said Vice-President of the association Mr. Ade Sudrajat Usman.

The US market still carries vast potential given its huge per capita consumption, though it has dropped briefly, he said, adding that many buyers came to Indonesia to explore new orders for baby cloths, cotton blouse to trousers.

The US buyers had explored ASEAN markets to place additional orders in early June, with Indonesia receiving the bulk of the orders as the biggest market amounting to around US $300 million, added Mr. Usman.

These buyers represent 22 of the top global scale buyers and more buyers from the European Union, Japan and the Middle East are also expected to follow suit with more such additional orders.

These favourable conditions will help the country's textile exports to recover at a faster pace in the fourth quarter too, when compared to the initial projections made in the beginning of the year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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