In spite of exchange restrictions placed on the Iranian currency affecting Dubai's wholesale and retail textile trade, textile and apparel merchants in Dubai are upbeat about the sector's growth in near future.
Speaking to fibre2fashion, Mr. Tejinder Singh, Honorary Chairman of Textile Merchants Group (Texmas), the apex body of the UAE textile merchants, said, “The textile and clothing industry in Dubai will surely grow because Dubai is international market and it does not have a peculiar local market like most other places have.”
“The growth of textile and garment industry in UAE has not been uniform. It is because Dubai is different. It always depends on international clients or demand from other countries, sometimes on Russia, sometimes on Middle East, etc,” he says.
“Currently, our textile and clothing trade is affected a lot by restrictions placed on the Iranian currency, but the response is good from other countries,” he reveals.
Different people from all parts of the world stay in Dubai, a place where they get a wide variety of goods from low-priced ones to the most luxurious designer high-end products. Moreover, Dubai traders hold good stock of all varieties.
“We are upbeat about the growth of textile and clothing industry in the UAE and we are trying to create awareness about our products worldwide because our customers are people from all over the world,” avers Mr. Singh.
Fibre2fashion News Desk - India