Latest Information Scanning In India Textile Industry (9.27)

< p > < strong > India < /strong > < a > target= _blank _blank href= > http://www.91se91.com/ > > strong > dress > /strong > /a > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > strong >.

< p > despite the first quarter of this fiscal year (July 2013 ~9), the major clothing brands handed out satisfactory sales results, showing a good trend.

However, from the sales performance in the 2012 fiscal year (July 2012 ~2013 June), clothing brands and retailers need to further promote sales strategies to restore the decline.

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< p > India's economic situation is not optimistic as the rupee's exchange rate continues to decline against the US dollar in India.

In the industry view, India garment industry will maintain a low growth momentum in the next two years.

Although the first quarter of this fiscal year (July 2013 ~9), the major clothing brands delivered satisfactory sales results, showing a good trend.

However, from the sales performance in the 2012 fiscal year (July 2012 ~2013 June), clothing brands and retailers need to further promote sales strategies to restore the decline.

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< p > according to the statistics of < a href= "http://www.91se91.com/news/index_c.asp" > clothing association < /a > in India, the net sales volume of India apparel retailers reached 22 billion 558 million 900 thousand rupees in fiscal year 2012, an increase of 16.88% over the previous fiscal year.

However, the net profit figures of the major brands in fiscal year 2013 are not satisfactory, and intuitively reflect the slowdown in the industry.

In addition to a few brands such as Kewal Kiran and Zodiac, most clothing retailers' brands declined compared with sales in the previous fiscal year, for example, Provogue dropped by 11.37% while Cantabi decreased by 27.55%.

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< p > although in the 2013 fiscal year, the consumer market in India has shown overall enthusiasm. Sales of clothing retail chains and fashion accessories brands are booming, but this is mostly due to the arrival of the discount season, which will drive people's consumption intention to pick up.

In the past two months, the major brands in the India market have launched more than 50 percent off discount.

Some experts pointed out that such a sales mode can not promote the healthy development of India's clothing industry in the long run.

Because of low consumption intention, the profit margin of clothing brand will remain weak in the fiscal year.

In view of the current economic situation, coupled with the high inflation rate, India's clothing industry seems to have no breathing space.

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Apart from local brands, the consumption of the India market and the sharp depreciation of the rupee have discouraged international brands from investing in India, P.

H&M has formally submitted its application to the India foreign investment promotion agency in April to set up a wholly owned subsidiary and open a straight shop in the country, while the brand uniqo of the fast sale group also decided to launch a retail business in India with the local a target= "_blank" href= "http://www.91se91.com/" > textile < /a >.

However, according to sources, the two major brands have postponed their local shop opening plan, and the first shop in India will not open until 2015.

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< p > < strong > the India government has formulated a new import policy for second-hand clothing in the Special Economic Zone < /strong > /p >

< p > the business sector Special Economic Zone (SEZ) under the Ministry of Commerce and industry of India has formulated a new policy for the post processing / recycling of the special economic zone enterprises: a href= "http://www.91se91.com/news/" > old clothes < /a >.

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< p > the business sector Special Economic Zone (SEZ) under the Ministry of Commerce and industry of India has formulated a new policy for the post processing / recycling of old clothes of special economic zones.

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< p > policy says: "every importer of second-hand clothing should be accompanied by an exporter / agent certificate, which includes the container disinfection and fumigation issued by the authorized agent of the country of origin on the import documents of second-hand clothing".

At the same time, we will outline the confirmation procedure before we can clear the customs in the special economic zone.

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< p > the Ministry of Commerce said that in the case of importers failing to declare the relevant materials without any toxic / harmful substances, action must be taken in accordance with the foreign trade (development and management) Act 1992.

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< p > the Ministry of Commerce said: "in order to ensure that the second-hand clothing processing units of the special economic zones have completed their export targets, all units need to ensure that a certain proportion of the annual minimum turnover of the unit is actually exported from India."

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At the end of second, the minimum export target of recovery units should account for at least 40% of their annual turnover. P

By the end of fourth, this proportion should be increased to 80%. By the end of fifth, the proportion of exported goods recovered by the recovery unit reached 100%.

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< p > in addition, incomplete a href= "http://www.91se91.com/" > clothing > /a > domestic tax zone sales account for the proportion of export surplus or export disqualified goods should not exceed 15% of the actual export revenue of the unit.

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< p > DTA refers to a certain area in India, but it is not a special economic zone or an export oriented unit.

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< p > policy says: "after secondhand garments are sold in the domestic tax zone, all secondhand garments imported goods must be examined in detail by the Special Economic Zone authorities 100%."

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< p > < strong > India's domestic cotton price stabilizing new flower has been contracted out for export of about 255 thousand tons < /strong > < /p >

< p > India's domestic a href= "http://www.91se91.com/" > cotton price < /a > stable. The new flower has contracted for export of about 255 thousand tons, of which 1 million 200 thousand packages (204 thousand tons) are contracted for Chinese customers and arrive in port before December 23rd.

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< p > 17, India Shankar-6 Chen cotton ginning factory's delivery price remained stable, at 47200 rupees /candy, because the rupee appreciated against the US dollar, the price was about 95.90 cents / pound, an increase of 0.60 cents from the previous day.

Punjab J-34 new flower price is 4650 rupees /maund, 90.10 cents / pound, shipment in September.

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< p > the purchase of new flowers in the northern region continued slowly, and the recent rainy weather prevented cotton seed picking progress.

Ande Laban has begun small scale new flower picking, but its progress is slow by rainfall. Rainfall occurred on the night before Maharashtra and central bank, and local pickup has not yet begun.

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< p > market participants expect that India's new flower contract export volume is about 1 million 500 thousand packages (255 thousand tons), of which 1 million 200 thousand packages (204 thousand tons) are signed for Chinese customers and arrive in port before December 23rd.

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