India Clothing Exporters Are Unable To Achieve Export Targets Of US $18 Billion.

Export orders from the US and Europe are decreasing in the four or five months of this year.

Exporters are cautious about whether or not they can achieve export targets of US $18 billion this year.

Insiders pointed out that after experiencing a decline in garment exports to the US and European markets, India's textile and garment industry has not made enough efforts in changing the new market, and the industry is facing difficulties.

It is estimated that in the past two months, India's textile and apparel industry has played an important role in the United States.

Exports dropped by 30%.

Mr. Nair, Secretary General of the India Textile Industry Federation, said that the depreciation of the rupee may have pushed up the export volume, but the export volume of India clothing to the US and European markets has been declining.

Even if Brazil, Russia, Australia and China show promising growth potential, India exporters can not immediately pfer to new markets in a short time.

Therefore, it is difficult for them to achieve this year's export targets.

The garment export industry in India is an independent industry relying on itself. Its industry does not depend on imports of raw materials.

The abundant supply of raw materials in India helps enterprises to control costs and shorten delivery time in the whole production process.

India is skilled in labour resources.

Besides, the clothing industry in India enjoys the flexibility of production, which helps the garment industry cater for all kinds of fashion products.

These industrial advantages provide a good foundation for the development of India's textile and garment industry.

The report of the General Administration of Commerce and intelligence statistics of the Ministry of Commerce and industry of the India government shows that India's clothing exports have increased steadily over the past 10 years, from US $5 billion in 2001/2002 to US $13 billion 700 million in 2011/2012.

At present, India's clothing exports to the US and European markets have reached 70% of its total exports.

Although India

Has maintained a relatively high growth rate, but at present, the industry is suffering from various pressures, making its development face difficulties.

The report of the India Federation of textile industry said that the price of cotton and cotton yarn fluctuated continuously at home and abroad, leading to changes in the inventory level of textile and garment enterprises.

Compared with 2010/2011 fiscal year, net loss of textile and garment enterprises increased significantly in fiscal 2012.

The Federation also found that it is difficult for India textile enterprises to repay short-term loans while liquidity financing is difficult.

"Although the government has set an export target of $18 billion for exporters," said the chief management officer of Mumbai Kaytee Limited by Share Ltd.

But considering the decline in exports to the western market, this goal is unlikely to come true.

We can only get a clearer picture in August, and we will accept next year's orders.

In order to ease the difficulties of textile and garment enterprises, the central government of India has decided to increase the subsidy to the technology renewal fund scheme to 10 billion rupees in the next 5 years.

Earlier, the government instructed banks to provide 350 billion rupees loans to ailing textile companies.

Insiders pointed out that supplier integration has always been the main trend of most retailers.

Therefore, India suppliers who are more reliable in terms of delivery and quality have shortened the delivery time. They can flexibly produce various styles of products, and they will continue to win customers and markets in the future.