“As China's economy is intertwined with the global economy, the traditional manufacturing industry in the country should extend to the world market,” Frances Chan, chairwoman of Sunshine Group told Fibre2Fashion.com.
“Sunshine Group is planning to set up its own overseas plant to transfer low-end manufacturing, reduce production cost and avoid tariff and currency risk in export markets,” she informed.
Exploring the available options, Chan says that it is worthwhile to launch a project in Ethiopia, which involves the complete value chain from growing cotton to garment manufacturing. According to her, “Ethiopia offers a lot of advantages to the textile industry like plenty of labour force, suitable land for cotton cultivation and enormous demand for textiles and garments. Besides, the textile industry background is weak in Ethiopia and other neighbouring countries.”
Talking about the potential of Southeast Asian countries, she says that the key components which determine the translocation of an enterprise is the market potential capacity as well as preferential policy like government subsidy. “But this will only help run fast temporarily,” she quickly adds.
In view of the fading cost advantage in China, the traditional manufacturing industry in China should upgrade itself with intellectual function, modern design, high production and administration efficiency and strong service system through the integration of internet technology and logistic system to boost its prospective economic future, Chan adds. (MCJ)
Click here to read the complete interview.
Fibre2Fashion News Desk - India
Textiles | On 29th Apr 2017
The textile sector could have a uniform Goods and Services Tax (GST)...
Textiles | On 30th Apr 2017
Indian Government is working to revamp the technology mission on...
Apparel/Garments | On 30th Apr 2017
Columbia Sportswear Company has announced record net sales of $543.8...
‘In future, clothing boundary lines will become increasingly blurred.’
Everflow Petrofils Ltd
‘An innovative technology which India needs desperately is the...
‘The intimatewear category in India is slowly becoming trend-sensitive.’
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
"We should not compare India and the West. There are things we do that...
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...