Home / Knowledge / News / Textiles / Industries reworking strategies for survival

Industries reworking strategies for survival

01
Dec '08
The ensuing global crisis is making textile and apparel companies rework their strategies towards surviving through the turbulent times. For some it is cutting down on their operating rates for others it is down sizing the strength of their employees.

For instance, export oriented units are now eyeing the lucrative domestic market to stay above the water. Since orders from overseas markets are tapering off, instead of downsizing or closing down, they are concentrating on strategies to penetrate the local markets.

All and sundry sub-sectors from the industry have been affected which includes exporters of garment, carpet, silk, textiles and a host of other products. The silk industry which has been badly affected by the downturn has decided to do away with temporary employed workers and put a freeze on new recruitment.

Among other steps which the silk industry is looking at is focusing on the domestic markets as the flow from their overseas buyers has trickled down. They are also not in favour of participating in trade fairs in the near future as under the present conditions it would be difficult to generate orders.

The need of the hour according to the unit owners is consolidation of all their activities and cut down on as much as unnecessary expenses possible, if they have to survive this recessionary phase.


Fibre2fashion News Desk - India


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Alexander Foll,

Alexander Foll

Germany-based H Stoll AG & Co KG manufactures flat knitting machines....

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search