|
RESOURCES CENTRE |
 |
|
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
|
| |
The previous topic under discussion was: |
|
“Industry stalwarts predict that 2011 onwards will be favourable for garment exports from India. Many also feel that the potential growth is 30-40 per cent over the next years. Do you also feel that the changes are happening that can justify such predictions… Share with our readers the indication of India becoming a bigger sourcing hub soon.”
|
01. |
India will be a leading nation in spinning in the coming years. Given our large availability of quality cotton, undisputed leadership in absorption and deployment of technology, one of the best work culture in the world, besides availability of world class machines made in India, all these makes us the best country in spinning, weaving and knitting too.
Garmenting will not be as competitive since we pay much higher wages than other garmenting countries, and unless Government supports this activity with additional draw back etc., this industry will not see growth in the export sector. If we try to accelerate the growth of garments by restricting exports of yarns or fabrics it will only result in India’s textile exports declining. We need to improve our capacities in marine disposal based processing and manufacture garments that can use more of automation if we need to improve garment exports or make very high-end garments.
Having said all this, given the new reality of inclusive growth, NREGA and its impact on raising minimum wages in agriculture and other low paying jobs as textiles adding over Rs. 200,000 crores to the income of those at the bottom of the pyramid, the good support prices given to agriculture and other such schemes, I see the domestic market growing at twice the GDP growth rate and driving the growth of garmenting for the domestic market.
Manikam Ramaswamy, Managing Director,
Loyal Textile Mills, Tamil Nadu
|
|
02.
|
As per current indications there is a strong belief that India will get into a position of greater strength in the garment sector from 2011 onwards. The quantum of growth cannot be predicted with accuracy, but hope is that growth is expected. Since Indian companies are now being able to match up to the global standards and are expected to perform better than their rivals from other countries buyers are showing greater confidence which is translating into business. Considering these factors, the garment industry will definitely experience an upsurge in the coming years.
N. Chandran, Managing Director, Eastman
Exports, Tirupur
|
|
03. |
There will be definitely a 20% growth in the coming years for the garment export sector in India. The concern that might hamper our growth is the rise in cotton yarn prices and its scarcity. If the Government curbs the increase in prices and stops exporting yarn to ensure sufficient supply for the garment manufacturing units, India will become a bigger sourcing hub for the rest of the world.
However, just by seeing the current situation in China we cannot predict a significant increase in our exports as China won’t let go off its market share easily, it will take some measures and find out solutions to retain its customers in the market.
Nayar, CEO, SCM Garments Pvt. Ltd., Tirupur
|
|
04. |
There are
some major issues pertaining to our industry at present, once these issues are resolved our industry will definitely grow. The first issue which is of international nature is the strengthening of currency overseas. We will keep facing a lot of problems until the dollar and pound regain back its position in the market. The second issue is the shortage of yarn and fabric in the domestic market which can only be solved if the Government curbs the export of yarn and fabric and encourage the export of value-added garments from the industry. The third issue creating serious problems in the industry is the labour policies. The Government should make the labour policies conducive to the seasonal sector of the industry. The fourth issue is the underdeveloped infrastructure, export and import infrastructure should be improved in the country. The abilities of our manpower and entrepreneurs to grow are proven worldwide with fine performance but the problems created due to these issues cannot be controlled by them, the Government needs to take measures to control them.
O. S. Pasricha, MD, TCNS, Gurgaon
|
|
05. |
The industry is expecting growth in the coming years but the picture is not clear as yet. On one side there is tremendous hike in prices of yarn, fabric and accessories which is creating a very unfavourable situation for the garment export industry. Timely delivery to suppliers is not taking place because of hike in prices, shortage of yarn and fabric to the domestic market and the gradual return of workers to their native places because of the new minimum wages law granted to them. The buyers are willing to buy from India but are not accepting any hike in the cost.
Anil Bountra, Director, Strange Exports,
Noida
|
|
|
|
|
