Recently, India Apparel Exporters Received A Large Number Of European And American Orders.
India leads
Garment exporter
A large number of orders from Europe and the United States have been received.
But these big companies
Profit pressure
The demand for India's clothing companies has finally stabilized because of the growing demand.
Although the US and European economies are still struggling, the orders received by India clothing companies are endless. Therefore, they will be very busy before September to complete orders from the US and European customers.
In recent months, the number of India's orders has increased quite rapidly due to the budget surplus of the international customers who once cut the budget.
However, exporters have not yet fully appreciated this new dawn because price pressures continue to increase, mainly due to the appreciation of the rupee and the strong competition of the neighboring countries in terms of supply, such as Bangladesh.
Competitors
clothing
The selling price is 25% lower, so India exporters are forced to cut their clothing prices.
Therefore, despite the expansion of sales volume, profits have not increased.
Due to price reduction, India's clothing export volume dived 10% to $9 billion 700 million in the fiscal year ending March.
But in the market, some companies say that costumes cost less, while others say new orders will be traded at new prices. Profits will be affected by instability in the exchange rate.
However, orders continue to flow, which is still a comfort for exporters, who once faced darkness in the wake of the world economic crisis.
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