Home / Knowledge / News / Textiles / Textile hub explores uncharted waters
Textile hub explores uncharted waters
28
Dec '09
Textile enterprises in the town of Denizli, in order to lower the impact of the economic crisis have started exploring yet uncharted overseas markets and are now looking towards the Central Asian and Middle East markets, other than their traditional markets in the European Union.

According to an expert from the sector, the industry had slowly started reducing its dependency on the US markets since the last few years, which saved them from doom, since the US markets felt the biggest effect of the slowdown following the unfolding of the economic turmoil.

These textile companies are now targeting countries of Central Asia like Azerbaijan, Turkmenistan, Uzbekistan and many more which were provinces of the erstwhile USSR and which are immediate neighbours along with having a similar culture which will help penetrate the markets easily.

Other countries on the radar of this textile hub are Iran and Iraq with whom it shares common borders. But according to an expert, Iraq could prove to be dangerous market to explore due to the fighting going on since the last few years, but Iran could prove to be a good option, he added by saying.

The number of jobs in Denizli's textile sector declined 9.9 percent in the first 10 months of 2009, while exports declined by 22 percent over November in comparison with the same month the previous year, but a recovery seems in the offing, as companies are witnessing improvement in terms of new orders.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

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

Eamonn Tighe
Nature Works LLC

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search