China's Inflation &Nbsp; India Apparel Industry Cheer

With neighboring China Inflation and Labor cost India is expected to win its share of global clothing and clothing exports. China, which accounts for about 27-28% of the world's total clothing exports, is facing rising inflation and rising wage costs, which has led to export orders turning to India.

In this case, the clothing industry in India is experiencing an increase in export demand from the US and European countries, which has risen by about 10-15%.

Mr. Nair, Secretary General of the India Textile Industry Federation, said: "international pressure has led to China's enforcement of the labour law, which has led to the protection of workers' wages, which has led to an increase in labour wages." DK China has also experienced inflation and a partial blackout. This led to the shift of exports from China to India, which accounted for 4% of the global garment export market in India.

In addition, China's pressure on food requirements has also led to a reduction in the area of cotton cultivation. However, not only is China, but Egypt has also helped India attract more necessary attention. Because of the recent turmoil in Egypt, major clothing importers in the United States and Europe began to seek other markets. Recently, we began to receive more export requirements than normal quantities. We are in the process of completing these exportation requirements rapidly, said the chief financial officer of Gordas export company.

Mr. Nair said that India benefited from the recent free trade agreement signed with Japan. At present, China accounts for 75% of total clothing imports in Japan. With the signing of the free trade agreement with Japan, India can earn more orders. Though recently Clothing export The number of requirements is increasing, but India can not significantly reduce China's clothing exports.

Rising prices of raw materials in India may become an obstacle to the country.