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Slowdown hits Karur home textile exporters at Heimtextil
13
Feb '12
Heimtextil, the biggest international trade fair for home textiles and the global benchmark for quality design textiles of innovative functionality, has always brought good orders for home textile exporters based in Karur district in the Indian State of Tamil Nadu.

However, the 2012 edition of the fair, which concluded last month, witnessed a change as there were less number of spot bookings and orders at the nearly 50 stalls set up by home textile exporters from Karur, owing to gloabl economic slowdown, especially due to the ongoing EU debt crisis.

Compared to earlier editions, the number of visitors to the stalls declined, but the quality of customers who made inquiries was better.

During the past few years, the pressure on Karur exporters has increased owing to fierce competition from new and emerging markets. There are also some other factors like the depreciation of the Indian rupee against the US dollar.

The prevailing conditions on the domestic front like the increase in production cost and continued power shortage are increasing the worries of exporters regarding delayed delivery schedules.

Thus, there is a sea-change from a time when Karur home textile exporters wanted to lap up all export orders that get their way. Today, they think before accepting an order, even if the buyers are ready to pay the price quoted by them. They analyse whether they would be able to keep their delivery promise, seeing the problems on the home turf.

Fibre2fashion News Desk - India

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