>>
Home / Knowledge / News / Textiles / Long term future of textile & apparels industry is bright - GHCL

Long term future of textile & apparels industry is bright - GHCL

03
Dec '08
Mr Nikhil Sen, Head of Strategy and International Business, GHCL
Impact of recession is quite visible on all the economies of the world. Countries, those were booming in the past few years are now badly disrupted because of global financial downturn.

It seems miseries of exporters have taken a never ending route. Last year, they were making losses because of rupee appreciation and now receding export orders from various markets have wiped out their hopes for goods.

Speaking exclusively to Fibre2fashion, Mr Nikhil Sen, Head of Strategy and International Business, GHCL said, “The US has always been a driving force of textile industry in the global market scenario, hence a downturn in the US market, has led to a slowdown in demand from US and European market. Industry has also seen a dip in revenue due to less export and increase in inventory costs. In the coming days this downturn will also make a dent on the consumer consumption and will raise pricing issues in the global market.”

To cope with the situation, few steps, if taken, could definitely have some positive effect on the industry. “Primarily our Government should take steps to stabilize the situation. Focus on domestic market as well as unorganized sector is also needed. Government should decrease the loan interest rate for export purpose and Subvention on export business”, Mr Sen opined.

Discussing the future of textile and apparel industry, Mr Sen stated, “The long term future of the textile and apparels industry is very bright. The textile industry in India is substantial and largely diversified and plays an important role in the terms of revenue generation in Indian economy. The significance of the textile industry is also due to its contribution in the industrial goods production and employment. Currently, this industry is the second largest employment provider after agriculture and provides employment to more than 30 million people.”

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 20th May 2022

World economy projected to grow by 3.1% in 2022: UN

The world economy is projected to grow by 3.1 per cent in 2022,...

Pic: Shutterstock

Textiles | On 20th May 2022

85% of clothes, textiles in US dumped in landfill or incinerator: NIST

Only about 15 per cent of used clothes and other textiles in the...

Pic: Shutterstock

Textiles | On 20th May 2022

Lowering logistics costs key to Vietnam’s export competitiveness

Reducing logistics costs is crucial to raising competitiveness of...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Amar Pawar & Raghavendra Pawar, Brand - Powerlook

Amar Pawar & Raghavendra Pawar
Brand - Powerlook

Powerlook, co-founded by Amar Pawar and Raghavendra Pawar, offers men’s...

Gauri Verma, Label - The Jodi Life

Gauri Verma
Label - The Jodi Life

THE JODI LIFE is an Indian fashion label that creates ready-to-wear for...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

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

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

ESTEEMED CLIENTS

IKEA of Sweden AB
EPCH
Woolmark Services India Pvt. Ltd.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Amazon China
Kornit Digital Asia Pacific Ltd
Lifestyle
Saurer Textile Solutions Pvt. Ltd.
IDH – The Sustainable Trade Initiative
TEXVALLEY MARKET LIMITED
ITMA Services Pte Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Copenhagen Fashion Summit
Mesdan SPA
TESTEX AG, Swiss Textile Testing Institute
Bluestem Global Sourcing Limited
Palexpo SA
BTC Textiles LLC
OVS Hong Kong Sourcing Ltd.
H;&M Hennes ;& Mauritz (Far East) Ltd
ZAITEX spa
GHCL LIMITED
Target Corporation (MN)
IIGM Private Limited
Pt. Peraga Nusantara Jaya Sakti
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
John Varvatos
Haelixa AG
X-Rite Asia Pacific Limited (HK)
Indofil Industries Limited - Specialty & Performance Chemicals Division
Sportmaster Ltd.
K AND D ITMACH EXPOSITIONS LLP
Aleph Srl
NV Michel Van de Wiele
Shanghai  Aige Exhibition Service Co., Ltd
Babyshop
Loris Bellini S.r.l.
Landmark Group
Cat Tuong Real Estate Group Joint Stock Company
Jindal Worldwide Limited
Color Service s.r.l.
Thermore (Far East) Ltd.
Vianney Textil Hogar S.A. De C.V.
Zydex Industries
Brandix Lanka Limited
Stahl Holdings B.V.,
Marzoli Machines Textile s.r.l.
Calvin Klein
G.A.S. unternehmenskommunikation gmbh
Weitmann & Konrad GmbH & Co. KG
Permoda(Koaj/Armi/Pronto/Bkul)
Chori Company Limited
Recron Polyester from Reliance Industries Limited
Guess Europe Sagl,
Splash
BIANCA
Abit
Boardriders Asia Sourcing Limited
Esprit Europe Services GmbH
Lectra Technologies India Pvt Ltd.
Sateri (Jiujiang) Fiber Co.,Ltd
Tommy Hilfiger
Page Industries Limited (Bangalore)
Comasia Limited
Messe Duesseldorf
FESPA (Reigate)
Italian Trade Commission
NITI Aayog
J ;& P Coats
Datacolor AG Europe
Officina Meccanica Dora Enrico Srl
Itema Weaving (India) Private Limited
Centric Software
Green Fibre
G-Star Raw C.V.
Rosset ;& Cia Limited
Chico’ FAS
T.T. Limited
KIABI
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
International Textile Manufacturers Federation
Messe Frankfurt Exhibition GmbH
TÜYAP IHTISAS FUARLARI A.S.
JES MEDIA, INC
Gloria Jeans
EMBEE CORPORATION
Performance Days
Thai Trade Center
FULGAR SpA
Walmart
SHAHI Exports Pvt Ltd
Infor (Hong Kong) Limited
Xtema - Thomas Lebherz Textilmaschinen
Grasim Industries Limited
Maceton Limited
Sainsbury's Argos Asia Limited
Benetton Group
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Rayonese Textile Inc., Division de Culp Inc.
Aramark Uniform ;& Career Apparel, LLC
Newtech Textile Technology Development (Shanghai) Company Limited
International Sourcing Expo Australia
SYNERGIES HONG KONG LIMITED
Puma
Nihalani Events Management
KAS Direct Sourcing
Recron Polyester from Reliance Industries Limited
Hela Clothing Pvt Ltd
Desigual - ABASIC, S.A.
Truetzschler India Private Limited
Equinox Impex India
Alison Hayes Romania
DuPont de Nemours, Inc.,
Eurofins BLC Leather Technology Centre Ltd
Lenzing Aktiengesellschaft - India
Huntsman (Singapore) Pte Ltd
Brückner Trockentechnik GmbH & Co. KG
DyStar India Pvt. Ltd
The LYCRA Company Singapore  Pte. Ltd
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
The Top Form Brassiere Manufacturing Company Limited
Lacoste (Wanchai)
CGS Inc.
Mayer & Cie. GmbH & Co. KG
Meera Dyestuff Industries
Vardhman Textile Ltd
BIMBA ;& LOLA SL
Bluesign Technologies Ag
Nandan Denim Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
Thai Acrylic Fibre Company Limited
Lisa S.P.A.
Asos
Aquarelle Clothing Limited
H. Stoll AG & Company KG
Lenzing Aktiengesellschaft
GERBER TECHNOLOGY LTD.
Zünd Systemtechnik AG
Groz-Beckert East Asia LLP
Tory Burch Hong Kong Ltd
Gap International Sourcing Limited
Tuyap Tum Fuarcilik Yapim A.S.
Groz-Beckert KG
UBM China (Shanghai)
Restoque S.A.
VNU Exhibitions Asia
CSGIA(China Screen Printing & Graphic Imaging Association)
Savio Macchine Tessili S.P.A.
GIOVANNI BOZZETTO S.p.A.
Hirdaramani International Export Private Limited
C;&A Sourcing International Ltd
Phong Phu international JSC (PPJ)
Seasalt Limited
Arvind Limited
Karl Mayer Textilmaschinenfabrik GmbH
Under Armour Global Sourcing Ltd
Dow Silicones Corporation
COTTON COUNCIL INTERNATIONAL
Rieter India Private Limited
Shima Seiki Mfg. Ltd.
THE BOMBAY DYEING ;& MFG.CO. LTD
Taiwan Textile Federation (TTF)
Inter Expo Center Ltd.
Etam Group Strategy Hong Kong Limited
Kern – Liebers Textile
Lottmann Communications
Midas Clothing Limited
Istanbul Fuarcilik A.S.
Coats Digital Limited
APLF Limited
Reiter India Private Limited
Alix Partners
EUROVET ASIA LTD
USTER
Sportswear Company Spa
BTSR International S.P.A.
PVH Corporation
LC Waikiki
Datatex Consulting Srl
Applied DNA Sciences Inc
BRINKMANN GMBH
The LYCRA Company Singapore  Pte. Ltd
Eastman Chemical Company
Helly Hansen Far East Ltd
Indo Tex
Colours India Inc
N9 World Technologies Private Limited
IFF Media Ag - International Media Services
Gatsby Africa
Varner AS Retail
Gokaldas Exports Limited
China World International Exhibition Company Limited
Decathlon
Flainox S.r.l.
Lululemon Athletica Inc
Tradewind International Servicing
TESCO INTERNATIONAL SOURCING LIMITED
Tchibo GmbH

May 2022

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


Advanced Search