India Garment Exporters Are Looking For New Markets.
In the US and Europe
Traditional market
After weak demand, India clothing exporters are now looking for new destinations.
In recent months, India clothing manufacturers seem to be walking on the wire because of the rising price of cotton yarn and the weakness of the US and Europe.
The price of cotton fell from 62000 rupees / candy (356 kg) to 34000 rupees / candy.
clothing
The factory finally breathed a sigh of relief.
However, as the demand for clothing in developed countries is decreasing, the prospects for business growth are dim.
according to
Garment Export Promotion Association
(AEPC) President Premal Udani said that the next 4-6 months will be a critical period, and we are assessing the trade prospects of Japan, Russia and South America.
After signing the free trade agreement with Japan, India's exporters can better contact Japanese buyers.
The existing suppliers from China may pose a threat to India, but we hope to replace them.
The abolition of the market's key product plan also dealt a heavy blow to exporters. Under the plan, exporters from Europe and the United States get 2% incentives, and interest rates and interest rates are between 7-7.5% and 11 to 11% per year.
- Related reading
The National Development And Reform Commission Or The New Cotton Policy Will Prevent Prices From Going Up And Down.
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