India Clothing Exporters Seek Diversified Combinations To Expand Exports

India textile exporters are looking for diversified combinations. Exit Traders found that the main destinations were Europe and the United States. market Demand is slowing, so exports are more difficult now. So now they will focus on the production of diversified products, such as trousers. Children's wear And sweaters and jackets.

At present, India accounts for only 1% of the world's output. They plan to increase their share by 4 times. In India clothing In exports, the share of these products is 10-15%, focusing on production of these products can also help to slow down the export decline and restore India's lost territory in the international market.

The new combination will help exporters to attract customers and help them enter the new market, such as China, because China's production has shifted to higher value-added products.

Sakthivel, President of the garment export promotion association (AEPC), said that clothing companies are implementing plans to enter these products in large scale, while producing blended fabrics. Many enterprises are also producing technology textiles aimed at expanding exports.

Previously, exporters in India only exported knitwear and woollen goods, and export opportunities were very narrow. Exports have been declining in recent months. According to AEPC estimates, garments and garments exported 109 thousand and 600 US dollars in April last year and gradually dropped to 899 million US dollars in November.

Nair, Secretary General of the India Textile Industry Federation (CITI), said that India exporters did not diversify their product portfolios and restricted export opportunities to a very narrow extent. "DK" So export markets are also limited. If they provide diversified products, the export will be greatly improved.

Exporters have also targeted new destinations, such as China, Latin America, Norway, South Korea and Russia.

China itself is a huge textile exporter, but now China focuses on high value-added products, thus providing space for India exporters to seize the Chinese market. In addition, compared with China, India textile importers have more favorable choice because India has lower labor costs.

The export plan currently being implemented in India encourages 15000 exporters to participate in the twelfth five year plan, which costs more than 20 billion rupees to these exporters.