Home / Knowledge / News / Textiles / Industries reworking strategies for survival
Industries reworking strategies for survival
01
Dec '08
The ensuing global crisis is making textile and apparel companies rework their strategies towards surviving through the turbulent times. For some it is cutting down on their operating rates for others it is down sizing the strength of their employees.

For instance, export oriented units are now eyeing the lucrative domestic market to stay above the water. Since orders from overseas markets are tapering off, instead of downsizing or closing down, they are concentrating on strategies to penetrate the local markets.

All and sundry sub-sectors from the industry have been affected which includes exporters of garment, carpet, silk, textiles and a host of other products. The silk industry which has been badly affected by the downturn has decided to do away with temporary employed workers and put a freeze on new recruitment.

Among other steps which the silk industry is looking at is focusing on the domestic markets as the flow from their overseas buyers has trickled down. They are also not in favour of participating in trade fairs in the near future as under the present conditions it would be difficult to generate orders.

The need of the hour according to the unit owners is consolidation of all their activities and cut down on as much as unnecessary expenses possible, if they have to survive this recessionary phase.


Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Urmil Arya

Sushila International, a well established textile organisation established ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Akshat Chaudhary

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

Paolo Ocleppo
Sandvik Hyperion

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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