Interviews
Festive aura fails to revamp Surat T&C sector
04 Nov '10
2 min read
Surat textile and garment industry- the oldest, well-known and vital industry in India is traversing through choppy path these days. To one's wonder, even nearing of big-way celebrated prime festivals of Dipawali and Eid in the country, is unable to bring upbeat in the sector.
Narrating the scenario to News team at Fibre2fashion, a native and veteran- Mr Devkishanbhai Manghani, President, Federation of Surat Textile Traders Association (FOSTTA), reports that condition of cloth market in the region is frustrating and even pre-planning and pre-stocking of lot by traders for consecutive festivals of Eid and Dipawali, haven't worked in the interest. They were not able to sale out the stock in proportion to their expectations.
Detailing further he said-”Surat garment and textile industry has well developed Saree and Punjabi-Dress sector. These days, Saree sector is performing to satisfaction but the Dress sector is little weak as its sales have reduced by more than 60%. Because of this Surat market sentiments are very down”
Mr Manghani also attributed various factors for this slump. Counting up those directly relative to industry, he noted “Fashion trend in people have changed because of which the dress sale has reduced. Surat is primarily a synthetic based market, whereas, today, consumers' taste is diverting towards materials of cotton, rayon and other cotton blend clothes. In addition Markets in Ahmedabad, Kolkatta, Delhi, Mumbai, being strong in fashion apparel, have captured some part of the business and increased competition.”
Factors prime amongst others not directly related to textiles, according to him, are double- digit inflation figures, floods in northern India and transportation disruption due to Commonwealth games. The president is concerned for growing inflation that has brought consumer spending so down, such that inspite of festive aura, they are not motivated to spend on clothes.
Narrating the scenario to News team at Fibre2fashion, a native and veteran- Mr Devkishanbhai Manghani, President, Federation of Surat Textile Traders Association (FOSTTA), reports that condition of cloth market in the region is frustrating and even pre-planning and pre-stocking of lot by traders for consecutive festivals of Eid and Dipawali, haven't worked in the interest. They were not able to sale out the stock in proportion to their expectations.
Detailing further he said-”Surat garment and textile industry has well developed Saree and Punjabi-Dress sector. These days, Saree sector is performing to satisfaction but the Dress sector is little weak as its sales have reduced by more than 60%. Because of this Surat market sentiments are very down”
Mr Manghani also attributed various factors for this slump. Counting up those directly relative to industry, he noted “Fashion trend in people have changed because of which the dress sale has reduced. Surat is primarily a synthetic based market, whereas, today, consumers' taste is diverting towards materials of cotton, rayon and other cotton blend clothes. In addition Markets in Ahmedabad, Kolkatta, Delhi, Mumbai, being strong in fashion apparel, have captured some part of the business and increased competition.”
Factors prime amongst others not directly related to textiles, according to him, are double- digit inflation figures, floods in northern India and transportation disruption due to Commonwealth games. The president is concerned for growing inflation that has brought consumer spending so down, such that inspite of festive aura, they are not motivated to spend on clothes.
Fibre2fashion News Desk - India
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