Home / Knowledge / News / Textiles / Gujarat dye exports register 15% fall
Gujarat dye exports register 15% fall
24
May '10
Dye exports from Gujarat have come down by 15 percent as there has been an exorbitant hike in the prices of raw material imported from China.

The fall is a sizeable one, as Gujarat accounts for 80 percent of the nation's production, also contributes to 65 percent of the country's overall earnings from this product.

Now, the exporters are incapable of selling their goods in the export markets at the preset prices, which has in turn forced the buyers to maintain a distance.

Volatility in exchange rates is also considered as one of the reasons that is keeping exporters at bay, thereby, avoiding any long-term commitments with overseas purchasers. Adding on to this is the crisis in Europe, which has further strengthened the rupee.

Volatility in foreign exchange, for small and medium firms is a matter of concern, as it has always been an unpredictable area. In addition, the European crisis has also placed the European buyers in a fix, as prior to the crisis it was simpler for them to get credit from the market.

Not only this, of the three major players in Gujarat, just two of them have succeeded in maintaining export growth. Experts are of the opinion that, as US and European countries are the only main buyers in the Rs 500 billion worth dyestuff industry of India, exporters are left with no choice but to continue trading with these countries.

Therefore, excepting for the major players, others will have to wait till the situation improves.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Priyanka
Studio Priyanka Rajiv

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Rupa Sood and Sharan Apparao
Nayaab

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

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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