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

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harsh Shah

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

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search