Southeast Asia Has A Low Labor Cost Of &Nbsp;

Against the backdrop of the financial crisis, India and Southeast Asian countries have made a share of China's orders with less labor costs than China.

As the second largest industry in India to create jobs, India clothing The industry now provides jobs for about 7 million Indians. In addition, exports are also growing, which is good news for India's economy.

US demand growth supports India's clothing exports. In February 2011, India's clothing exports increased by 24% over the same period last year, reaching 52 billion 840 million rupees, compared with 18% growth in January 2011. Although exports were single month in early 2010-11 decline But the export situation began to improve in November 2010. The first 10 months of last fiscal year (2010-11) (April -1) clothing Exit The total amount is 397 billion 870 million rupees, compared with 417 billion 710 million rupees in the same period last year.

In fact, inspired by the remarkable growth in exports, federal textiles minister Rita mehnon recently said that in the current financial year, the target of textile exports increased to about 30 billion dollars, compared with $25 billion last year. As western market demand grew, the government raised its export target.

The government of India believes that India has the potential to increase the share of textiles and clothing in the world trade from 4.5% to 8% in 2020, reaching 80 billion US dollars in 2020. India has the largest number of looms in the world. India has 1 million 800 thousand looms (45% of the world's total) and 200000 shuttleless looms (3% of the world's total). 3 million 900 thousand manual looms (85% of the world's total), the number of spindles in India is the second largest in the world, accounting for 23% of the world's total.

PremalUdani, chairman of the India Clothing Export Promotion Association (AEPC), said exporters saw their products demand well, and the industry orders had been released to -7 months in June 2011. This is a particularly good situation for the textile industry. The US market has a very good demand for India products. European market demand is also improving. The United States accounts for 40% of all clothing exports in India. Exports began to grow in August 2010 after the deceleration of the first few months of the year.

According to the insiders, China's labor costs are rising, and the marginal price difference between India and China is conducive to India. China's garment industry is also beset by delays in strikes and production. If India can grab 10% of its business from China, India's clothing exports will double in the next few years, reaching US $20 billion.

Vietnam's Economic Times reported on June 28th that Vietnam's textile exports amounted to US $6 billion 160 million in the first half of this year, an increase of 30% over the same period last year. If this trend continues, Vietnam's clothing and textile sector is likely to complete its export target of 13 billion US dollars in 2011.

The positive trend of Vietnam's clothing exports can be attributed to the general stability of the export market, and they are basically not affected by macroeconomic changes. Apart from the European Union and Japan, the United States is Vietnam's most promising commodity export market. In 2010, Vietnam exported US $6 billion to the United States, an increase of 22% over 2009. The global market research report recently published by the financial times shows that from the beginning of this year, the United States imported 39% of its garments from Bangladesh, and imports of clothing from Kampuchea, Salvatore and Honduras increased by 31%, 23% and 19% respectively. Bangladesh has become the fastest growing country for clothing exports to the United States. Kampuchea, Salvatore and Honduras are 2, 3 and 4 respectively.

It is understood that in 2010, clothing from these countries became the cheapest source of clothing in the US market.