Home / Knowledge / News / Textiles / This year is full of challenges for textile industry - Sabare International
This year is full of challenges for textile industry - Sabare International
22
Oct '08
Mr Susindran, CEO, Sabare International
Mr Susindran, CEO, Sabare International
Sabare International Limited has charted a path of unprecedented dimensions to cater to a discerning export market. With intense efforts, the company has been able to make its presence felt in countries like USA, United Kingdom, Europe, China, Canada and Sri Lanka.

Product line of the company comprises of an entire array of home furnishings like table and kitchen linen, window curtains, bed linen, floor coverings and decorative pillows. Sabare takes pride in presenting a superior quality and vast variety of products.

Global financial meltdown has created havoc for almost all the industries across the world. In order to get a closer understanding of the present scenario and the future of the textile market in India and overseas, Fibre2fashion took the opportunity to interact with Mr Susindran, CEO of Sabare International, and to get his view on this.

“I expect textile market to be slow till the completion of this financial year. It is because of the general slow down in USA and Europe as a whole. The international textile market will pick up from April 09 onwards. The reason behind this is most of the retailers have gone for cautious buying for the current year resulting in lower level of inventory at their disposal. While they expect a lower level of sales during this holiday season, their biggest sales season as a whole, they have not bought enough stock either. This will insulate them from the down trend for the current year.

“With mega financial rehabilitation package announced by US Government, the market and the sentiments will stabilize by March 09 in US. All the exporters should tighten their belt, look for cost cutting measures and become very competitive”, says Mr Susindran.

Discussing about the Dollar appreciation and its effects on the exporters, the Sabare CEO stated, “Dollar appreciation has not helped exporters as most of them have already gone for hedging their exposure long back around Rs40 to Rs42 levels. Probably they will get benefited during the next year if the same trend of Dollar continues as by that time, the business also will pick up and there will not be any hedging for any of the exporter at the lower rate.

“On the domestic market, once again, this year will be challenging one for textiles. However it is better than the international market. The expectation is that this will also stabilize by April 09. It is more to do with the sentiment than the actual fact. We expect all the uncertainties will be cleared by March and things will be positive from the next financial year onwards.”

Fibre2fashion News Desk - India


Must ReadView All

Uzbekistan wants joint ventures with Hungarian textile firms

Textiles | On 20th Feb 2018

Uzbekistan wants joint ventures with Hungarian textile firms

Uzbekistan has offered Hungary to create joint ventures in the two...

Vietnam’s textile & garment exports up 10.68% in 2017

Textiles | On 20th Feb 2018

Vietnam’s textile & garment exports up 10.68% in 2017

Vietnam came very close to achieving its 2017 textile and garment...

Maharashtra’s new textile policy to privatise cooperatives

Textiles | On 20th Feb 2018

Maharashtra’s new textile policy to privatise cooperatives

The state government in India’s western state of Maharashtra, under...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Top executives
Textile industry

GST has levelled the playing field to an extent

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search