EDITORIAL

Perfect Sourcing - - Inside -

My head­ing this time seems to be quite strong, how­ever, it is nowhere as strong as needed to aptly de­scribe the cur­rent sit­u­a­tion of the In­dus­try. While ex­ports of all other coun­tries are in­creas­ing, the gar­ment ex­port in­dus­try of In­dia is slow­ing down. The re­vised rate of Rosl and duty draw­backs has af­fected most ex­porters and they fear clo­sures and un­em­ploy­ment on a large scale if the same are not rec­ti­fied. I some­times ask my­self if the in­dus­try is re­ally go­ing to end. Well, it can­not. No mat­ter what, such is­sues are al­ways cyclic; whether slow or fast is just se­man­tics or sim­ply a mat­ter of time. Dur­ing this tu­mul­tuous phase, I have al­most spo­ken to all types of ex­porters, big, small and medium and, for the first time, none of them is happy or shares a mixed re­ac­tion about the cur­rent sit­u­a­tion. The en­vi­ron­ment of un­cer­tainty is def­i­nitely en­gulf­ing all.

A ma­jor con­cern for ex­porters right now is the re­fund of GST, which has blocked their cash flow and forced them to stop tak­ing fur­ther or­ders. There is a huge block­age of liq­uid­ity and it is af­fect­ing ev­ery­one in the sup­ply chain. From job work­ers to fab­ric sup­pli­ers to work­ers and ma­chin­ery providers, ev­ery­one is stuck as the money which was flow­ing and re­cy­cling quickly (prior to GST and de­mon­eti­sa­tion) has sud­denly stopped com­ing back.

Why the sit­u­a­tion did not come un­der con­trol re­mains a big ques­tion. Some are of the opinion that ex­porters al­ways cry af­ter the dam­age is done; when times were good, they did not take the pre­cau­tion of in­vest­ing in the right peo­ple and tech­nol­ogy. Oth­ers be­lieve that there are a set of ex­porters who are busy ac­cept­ing or­ders and work­ing on cal­cu­la­tions in the best pos­si­ble man­ner tak­ing this sit­u­a­tion as part of the game. For the first time we see even main­line news­pa­pers high­light­ing and com­par­ing ap­parel in­dus­try’s strength as an em­ploy­ment gen­er­a­tor vis-a-vis the big­gest com­pany in In­dia, Re­liance In­dus­tries.

It may be trite to say “Tough Times Come to Teach you Some­thing New.” In­ter­est­ingly, the ap­parel in­dus­try al­ways gets to see or face the times when cor­rec­tion is due; but while many adapt, most of them ig­nore the por­tent. . .

In this is­sue, you will read in­ter­est­ing ar­ti­cles on how and what strate­gies are be­ing fol­lowed by the top ex­porters of In­dia like Ori­ent Craft, East­man Ex­ports and Prat­i­bha Syt­nex. Along with these, you will read the re­port of a sur­vey which was con­ducted by a re­search firm high­light­ing mar­ket sen­ti­ments and also of­fer­ing in­sights to the fu­ture sce­nario.

Since this is­sue will be cir­cu­lated at the up­com­ing Gar­ment Tech­nol­ogy Expo (GTE), you will also read sto­ries and views of peo­ple from the tech­ni­cal side shar­ing their ex­pe­ri­ence, knowl­edge and ex­per­tise on tech­nol­ogy and com­pli­ance in our ap­parel in­dus­try.

I hope you will en­joy read­ing this is­sue and will share your feed­back and sug­ges­tions on the same.

Deepti Mar­wah Editor PERFECTSOURCING OM SAI RAM Email: editor@perfectsourcing.net

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