Interviews
Textile sector readies for a big leap forward
09 Jan '06
1 min read
India competed well in the face of Chinese presence in developed markets of the US and Europe for quota free period of 2005.
Yet, many Indian firms were unable to execute overseas orders due to capacity constraints, said KSA Technopak Principal Raghav Gupta.
Better growth rate of textiles and apparels exports to developed countries is expected this year as substantial investments have been made in the sector, Gupta informed.
Home furnishings have reported high exports and new companies have evinced interest in this segment.
Welspun India's second phase expansion unit at Anjar is expected to majorly contribute to the company's net profit by the second quarter of 2006-07.
Alok Industries and Raymond Ltd too, are in the process of rolling out their expansion plans.
Export of Indian textiles and apparels to the US may rise 20 percent in 2005, say industry observers.
Yet, many Indian firms were unable to execute overseas orders due to capacity constraints, said KSA Technopak Principal Raghav Gupta.
Better growth rate of textiles and apparels exports to developed countries is expected this year as substantial investments have been made in the sector, Gupta informed.
Home furnishings have reported high exports and new companies have evinced interest in this segment.
Welspun India's second phase expansion unit at Anjar is expected to majorly contribute to the company's net profit by the second quarter of 2006-07.
Alok Industries and Raymond Ltd too, are in the process of rolling out their expansion plans.
Export of Indian textiles and apparels to the US may rise 20 percent in 2005, say industry observers.
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