Home / Knowledge / News / Apparel/Garments / Clothing exporters euphoric over pouring orders
Clothing exporters euphoric over pouring orders
18
Feb '10
The Turkish textile and apparel exporting community is euphoric over the recent rise in new orders, which has lent an air of optimism of the future to an industry which was badly depressed from the adverse impact of last years global economic slowdown.

Speaking during an awards ceremony the President of the Istanbul Textile and Apparel Exporters' Union (ITKIB), Mr Ismail Gülle emphasized the fact that Turkish textile exporters had got over the effects of the economic turmoil.

He said that, most of the textile companies are holding better than anticipated orders in hand scheduled for delivery in the first half of this year and expects textile exports to touch US $3.5 billion by the end of the first six months of the current year.

Turkish textile industry exports experienced a plunge of 20 percent in the previous year, but the silver lining is that, it recorded a 30 percent increase in growth in January over the same month of 2009, with a repeat performance expected in February.

The only issue worrying exporters is that the lira could gain in value against foreign currencies; an issue exporters have been raising concerns over for the past few weeks and are falling back on the Central Bank to hold it a favourable level.

They only see an overvalued lira as the most significant obstacle preventing better exports. Another concern could be the impact of the collapse of the Greek economy, since the fallout could have a impact on the EU, which consumes 80 percent of all Turkish textile exports.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 6th Dec 2016

Alibaba merges Juhuasuan with Tmall.com

In a business reorganisation, aimed at making it easier for merchants ...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Textiles | On 6th Dec 2016

Indonesian textile sector urges govt to regulate imports

The Indonesian textile industry urged its government to regulate...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Anvita Mehra
Confidential Couture

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

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Silke Brand-Kirsch
Schlegel und Partner

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

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

Wendell Rodricks
Wendell Rodricks

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search