Home / Knowledge / News / Apparel/Garments / Indian apparel producers seek Chinese fabrics
Indian apparel producers seek Chinese fabrics
05
Nov '09
The Indian rupee is appreciating at a great speed against the US dollar which is raising concerns amongst the apparel sector, since it increases the cost of raw materials. This has led to Indian apparel manufactures flocking to China to buy fabrics.

This is because; Chinese fabrics are cheaper by 5-10 percent, when compared with prices prevailing in Indian markets. This is expected to help the industry prune costs and at the same time also, stay competitive in overseas markets.

Fabric costs account for 60 percent in the manufacturing cost of a garment and a 5-10 percent difference in the purchase price of a fabric means a big deal for the industry, which is either managing on marginal or even zero profits since the last one year.

The textile industry in India is the second biggest employment generator in the country and as per projections the textile industry is going to be a US $110 billion sector by 2015, which includes $55 billion worth of exports.


Fibre2fashion News Desk

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

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

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

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

Yash P. Kotak
Bombay Hemp Company

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

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