Home / Knowledge / News / Textiles / Indian denim has become more competitive – Mr Shah, Arvind Ltd
Indian denim has become more competitive – Mr Shah, Arvind Ltd
28
Aug '09
The denim sector in India witnessed a very depressing period in the last few quarters, but with news of a few European economies and Japan reporting an economic growth in the second quarter of 2009, this very important sub-sector has reason to be euphoric.

Denim, as a product is the single largest contributor by value from across all exports made from India and since the unfolding of the economic crisis, this very important category had reported a steep drop in shipments.

The biggest denim manufacturer in India, the Ahmedabad based Arvind Ltd, which has a capacity of 7.5 million meters per month is reporting of an increase in order book positions and have a good amount of orders in hand.

Mr Jayesh Shah, Chief Financial Officer and Director of Arvind Ltd who spoke to Fibre2fashion said that, “The denim demand globally has not increased in recent past, however, Indian companies, supported by depreciation of rupee, have become more competitive and are able get orders from customers who hitherto were buying from countries like Turkey, Mexico, China etc”.

“Compared to previous fiscal year, Arvind's denim business is expected to grow by 20 percent in the current fiscal year”, he concluded by saying.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Courtesy: ZDHC

Textiles | On 10th Dec 2016

China Textile Information Centre joins ZDHC programme

China Textile Information Centre (CTIC), a state-owned research...

Apparel/Garments | On 10th Dec 2016

Amazon India aims to be India’s biggest fashion retailer

Since fashion is the second biggest ecommerce category in India,...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Eamonn Tighe
Nature Works LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search