Interviews
'We expect 2009 to be a better year' – Mr Bhatia, Abhishek Inds Ltd
03 Oct '08
4 min read
fibre2fashion: What is your view on the world textile market in current scenario?
Mr Bhatia: There are already signs of over capacity in the certain segments of the market; added to this has been the rise in input prices. Margins have been forced downward consistently. The current financial turmoil will make the availability of funds dearer. However, the movement of capacities to Asian regions continues but new low cost destinations have sprung up i.e. Bangladesh, Vietnam, etc. The challenge is to sustain on wafer thin margins. Cost leadership with quality and consistency is the need of the hour.
Mr Bhatia: There are already signs of over capacity in the certain segments of the market; added to this has been the rise in input prices. Margins have been forced downward consistently. The current financial turmoil will make the availability of funds dearer. However, the movement of capacities to Asian regions continues but new low cost destinations have sprung up i.e. Bangladesh, Vietnam, etc. The challenge is to sustain on wafer thin margins. Cost leadership with quality and consistency is the need of the hour.
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