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Christmas Did Not Bring Cheer To India'S Textile Exporters.

2011/12/5 11:29:00 23

In addition to a few export enterprises,

Christmas

It did not bring cheer to India's textile exporters. They now hope to be placed in the Spring Festival next year, hoping to keep their products open to sunshine next spring.

Although garment exporters say that because of the financial crisis in the two pillar markets in Europe and the United States, demand is less than last year, but fabrics and household textiles are not as good as last year's.

Supplier

The demand is good.

India exporters shipped the last batch of Christmas orders in the first week of November, and the data are still being sorted out.

This is the first time India's textile industry has seen Christmas, said Rajendra Hinduja, a consultant of Gokaldas export company, a major clothing exporter.

Order

So few.

Nearly 85% of Gokaldas export companies are used for export.

He said demand was 5% less than last year.

Exports to the European market are affected.

Hard hit

。

An industry source said that the number of large retailers in Europe has increased, but smaller buyers can only survive.

According to sources, the largest number of purchasers from the India suppliers of medium size buyers were the most heavily affected.

The appreciation of the US dollar also helps exporters increase their exports to the United States.

The appreciation of the US dollar makes the price of India exporters more competitive, said Sudhir Dhingra, chairman and general manager of Oriental technology, a leading exporter in India.

Dhingra said that despite worries, growth is still positive.

He said demand could increase by 15% over the Christmas season last year, but because of the euro zone crisis, the final growth rate may be 10%.

Dhingra said that in the long run, the European Free Trade Agreement signed with Europe could stimulate demand.

He said it could lead to an annual demand increase of 30-40%, which is expected to increase by 100% in three years.

Some big exporters, including Gokaldas export companies, also focus on the domestic market.

A year ago, nearly 90% of the company's products were used for export, and now it is reduced to 85%.

An official of the company said the company's goal was to reduce exports to 80% and pfer surplus products to the domestic market.

Exporters are trying to increase their share of the domestic market to cope with the decline in demand caused by inflation and the continuous influx of Bangladesh's supply.