Indian T&C sector on threshold of golden era: CFO, Alok Ind

11 Nov '10

4 min read

Besides, our team keeping its readers' interest in mind, also took the opportunity of requesting his expert opinion on trends in consumer spending and preferences, in particularly during this festive quarter. Mr Khandelwal told – “We are seeing good consumer demand coming up both from domestic and international market. In domestic market, continuous GDP growth has led to increase in per capital income and as such the spending pattern is not totally festive driven. People are now buying clothes throughout the year and most of it is intuitive. During festive time, especially like Diwali, consumer spending does go up and we expect about 20% more sale than the normal months.”

“Similarly, in the overseas market, Christmas and New year are the big festivals. During this period, the sales here also are normally higher by about 20%. What we have also observed in the oversea market like US and Europe that Textiles is a basic product and part of daily lifestyle, its consumption is not much impacted by the economic slow down. The people, however, shift their preference to basic and low cost items during slow down. As these economies are slowly coming out of slow down, we are seeing the buying coming back in good way and demand for high end products is also going up,” added the CFO as endnote. Bidding us festive greetings, he got back to his work with spark of determination in his eyes, on making most of these opportunities.

Fibre2fashion News Desk-India

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