India'S Garment Industry Is In A Predicament Under The Continuing Downturn In European And American Economies.

< p > recently, the continued downturn of "a href=" //www.sjfzxm.com/news/index_c.asp "Europe and the United States economy < /a > has greatly affected the export of" a href= "//www.sjfzxm.com/news/index_p.asp" India "/a" textile and clothing products, and many domestic retailers in India have to shelve their investment and expansion plans.

Nevertheless, these retail owners still hope for the peak season of holiday sales.

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< p > 5~9 months this year, India a href= "//www.sjfzxm.com/news/index_c.asp" > textile and garment industry < /a > sales slump, which makes the industry hope for the upcoming holiday consumption season.

People in the field of yarns, fibers and home textiles believe that the increase in sales in October ensured the improvement of their capacity utilization.

DK Nair, Secretary General of India Textile Industry Federation, said that due to the pick-up in orders, the capacity utilization ratio of textile and garment industry has improved significantly.

Although everything has not returned to the best of times, things are getting better now.

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< p > a worry for India's textile industry is that the warming of consumer demand is confined to certain areas, such as denim and cotton cloth.

According to data from the India Garment Export Promotion Council (AEPC), India's clothing exports amounted to 1 billion 100 million US dollars (59 billion 790 million rupees) in June this year, down 10.5% compared with 1 billion 200 million US dollars (65 billion 200 million rupees) in the same period last fiscal year.

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< p > it is worth noting that on the one hand, the denim and cotton production enterprises meet the growing demand by expanding production. On the other hand, the slow development of the retail industry has a negative impact on the overall sales of the industry.

Although many enterprises have improved their production capacity with the help of the technology renewal Fund (TUFS) in the past few years, the potential of the plan has not been fully utilized by enterprises.

In order to change the status quo, the government renewed the technology renewal fund plan again.

"We will support the development of the textile industry in many ways, and urge the technology renewal fund plan to be included in the Twelfth Five Year Plan of India," said Panabaker Lark, Minister of state for textiles in India. Hill said.

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< p > in view of the current economic situation in Europe and the United States, the industry pointed out that India, the main export destination with the above regions, would have difficulty in completing the export target of 40 billion 500 million US dollars (2 trillion and 201 billion 580 million rupees) in the current fiscal year.

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< p > at the same time, India's cotton textile industry is also facing a difficult period.

A year and a half ago, cotton prices in India rose to 137 rupees / kg. Cotton mills went on strike against high cotton prices.

When cotton prices have been adjusted, most cotton mills are heavily indebted.

At present, about 300 India textile enterprises have applied for 350 billion rupees debt restructuring.

Meanwhile, the rise in crude oil prices has led to a renewed rise in the prices of chemical fibres.

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< p > generally speaking, India's textile and garment manufacturers still find it difficult to get rid of the difficult situation because of the few domestic retail orders in India and the obvious improvement in the export market economy.

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