Home / Knowledge / News / Textiles / Good Christmas sales cheer Indian textile exporters

Good Christmas sales cheer Indian textile exporters

13
Dec '11
Good sales ahead of Christmas have brought cheer to Indian textile and apparel exporters, who are expecting at least 15 percent more sales this year compared to last year in spite of the ongoing EU debt crisis.

“The sales this year are much higher than the last year. Last year, the whole world was coming out of recession. This year the scenario is much better and we are having around 15-20 percent higher sales,” Mr. Pradeep Mukherjee, President Global Sales and Marketing, Himatsingka Seide, a leading textile exporter, told fibre2fashion.

“There is a general impact of what is happening in the EU but that applies to everybody in the industry and is not specific to any one exporter. There are small pockets where we see the impact, but that is in small volumes,” he adds.

Mr. Sudhir Dhingra, Chairman and Managing Director, Orient Craft Ltd., India's leading export house, informed, “Our sales have grown this year again. The good thing is clothing is one item which after food takes priority in the western world. This is due to their habits and consumption patterns which are very unlike the Indian consumers.”

“Providing good quality products, great fashion at competitive prices is the greatest challenge today which we as an industry need to understand. Our sales continue to grow irrespective of changing market conditions. I am expecting the year to close at least 15-17 percent higher compared to previous year,” he adds.

“The EU crisis has put pressure in terms of pricing, quicker delivery, shorter lead times, getting better designs on the table, etc. But, we have not lost sales with any European or American customer. Our sales are either stable or increasing and we are expanding by setting up new factories,” he asserts.

The textile and apparel exporters are expecting the trend to continue into next year. “We are working with the best brands. We have over Rs. 1 billion worth of orders on hand and our order books are full now. So our manufacturing capacities will be full till February,” reveals Mr. S Surya Narayanan, MD of Chennai-based Celebrity Fashions, one of India's leading garment exporters.

“The rupee depreciation will help us and all the exporters but most of us have entered in a forward contract, so we will not get much benefit in the current quarter and the next quarter. From March, we will be benefited by the current exchange rate,” he adds.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 5th Aug 2021

US manufacturing activity grows in Jul; textile mills report fall: ISM

Economic activity in the US manufacturing sector grew in July, with...

Pic: Shutterstock

Textiles | On 5th Aug 2021

UK inflation to hit 3.9% in early 2022, 2% in 2023, predicts NIESR

UK consumer price inflation will reach 3.9 per cent early next year,...

Pic: Shutterstock

Apparel/Garments | On 5th Aug 2021

Prime Content| Why China's share in global apparel exports will drop this year?

China's share in the global apparel exports market went down from...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Aashumi Mahajan,

Aashumi Mahajan

Luxe Maison is a premiere haute couture e-boutique established after 2015. ...

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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

Leave your Comments


July 2021

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


Advanced Search