Textile traders struggle to quote viable prices at Heimtextil
10 Jan '07
1 min read
Textile traders participating in the Heimtextil Frankfurt fair are struggling to quote viable prices as they have not yet received the relief package from the Government.
Government, recently, reported that the release of relief package would be delayed and will be possible only after the Germany event.
However, this decision has now caused problems for exporters. Sources said that since the manufacturing price is high, dealers are forced to quote higher prices than products from countries like China, Bangladesh and India.
Experts believe that these fairs are an important source of income for the manufacturers where they can grab almost 50 percent of their annual export orders, and if traders are unable to quote competitive prices it is a huge loss.
Next major fair is the Beijing Fair in March and Government is urged to take the necessary steps to ensure reasonable profits.