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INDIA INCREASES ITS APPAREL EXPORTS TO USA

 

Apparel imports into the US during Jan-June'05 amounted to US$ 32 bn as compared to US$ 29 bn a 11% jump compared to the same period last year, recording an increase of over 11%.

Apparel products made of cotton fabrics were imported to the tune of US$ 21 bn, posting an increase of over 15%, while imports of apparel made of MMF fabrics were of the order of US$ 9 bn, up by nearly 6%. Apparel made of cotton and MMF together make up for nearly 92% of total apparel imports into the USA.

 

INDIA FACES STIFF COMPETITION FROM CHINA IN IMPORTS

 

China in the past half a decade has seen a tremendous increase in economy with growing trade and exports. China's products are seen as cheaper compared to Indian apparel and textile products although its opinion of lot of people that Indian products mark a much better quality standard. Its cheap labour and government global policies have seen china rising as a big asian giant.

India needs to open up more to global scenerio and pull up their pants if it plans to take a bigger piece of import market share. India should remove all kind of red tapism making it more approachable and sellable in the global market. Aggressive marketing is the name of the game today.

Surprisingly china being communist while India being a democracy is not able to liberalise its trade policies.

 

SANGAM INDIA LTD. APPROVES RS. 4 BILLION FOR GROWTH

 

In the board meeting of Sangam India Ltd. One of the biggest fabric and yarn manufacturers of India it has been decided that the company will spend Rupess 4 billion in adding more machines to grow its spinning and processing capabilities

 

ECCO TO ENTER INTO INDIA IN APPAREL & TEXTILE

 

The world's seventh largest casual footwear brand, Ecco, is preparing to launch a number of exclusive stores in India with the Ecco brand

 

 

 
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