India Will Seize China'S Share In The Russian Apparel Market.
In the next two years,
India
Plan to increase the end
clothing
Supply to Russia.
And European countries are caused by recession.
Economics
Growth deceleration, experts predict that Russian buyers' consumption behavior will rise sharply.
Under such circumstances, it is a good time for India suppliers to take over some of China's share in the Russian market.
Analyst Chandra, India, has been involved in Russian clothing for an article.
market
The growth prospects are analyzed in detail.
It is predicted that in the next two years, India's clothing exports to Russia may grow by 30-40%.
Kumar, general manager of India Meridian Clothing Co., Ltd., said that Russia's economy is better than Europe's development, and that Russian consumers have fashion awareness, "said Apparels.
In 2010, the value of garments made in India amounted to US $120 million in the Russian market, accounting for 1% of US $11 billion in clothing exports, while exports to the US and Europe accounted for 70%.
The India Garment Export Promotion Association (AEPC) held several talks with its partners in Russia last year. The India garment export promotion association hopes that in the next 12-24 months, India's exports to Russia will reach US $170 million.
Although domestic clothing production is relatively low, the Russian market is a challenging field, which has led to high competition among garment exporters.
China is still the dominator of the Russian clothing market, almost 60% of the total.
But other competitors, such as India, perform better.
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