Home / Knowledge / News / Textiles / Investing in technology key to newer markets
Investing in technology key to newer markets
04
Jan '08
With changing market trends and increasing competition from international rivals, there is a growing need among the Indian exporters to reinvent policies conducive to export promotion and overall growth of the country's economy. Future planning and consumer satisfaction are the need of the hour and it is only through this that the upcoming exporters can gain experience and take firmer footsteps.

Mr Mukund Choudhary of Spentex told Fibre2fashion, “Spentex does not have any direct export to US but it still aims to maintain the company culture of 'customer delight' through whatever transaction taking place.”

Further, Mr Mukund also asserted that China was way behind in competition when it comes to yarns. In fact, it still imports yarn from India.

Mr Sandeep Sharma from Indian Acrylics also confided on the issue saying, “Our exports to US market is marginal as freight is very high. We are therefore not affected by weakening US economy."

When asked about competition from China, Mr Sandeep said “Yuan, the Chinese currency is getting stronger day by day. By 2008 it is expected to get fully rationalized. That will make Chinese exports less viable as compared to current situation.”

Indian Acrylics believes in investing in technology to make newer value added products and find newer export markets, said Mr Sharma.

Talking about suggestions for the upcoming breed of exporters, Mr Selvaraj from Sangamitra said “Most textile units have come up as garment manufacturers. As both business units require different kinds of skills, planning and labor, venturing into exports companies should be well planned with proper information and discipline.”

Discussing about the future plans, Mr Bansal of Pratibha Syntex Ltd said that the company holds positive outlook against competition from China and that future plans area already being worked out for smoother operations.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

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

Marcel Alberts
Eurofibers

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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
March 2017

March 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