India Garment Exporters New Dawn: A Large Number Of European And American Orders

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.

India's exporters are forced to cut their clothing because their competitors' clothing price is 25% lower.

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, the continuous influx of orders is still a comfort for exporters, who once faced the darkness when the world economic crisis happened.