Perfect Sourcing - - Opinion Live -

2017 is end­ing and now we are ap­proach­ing 2018, the year which was full of many twist and turns. As a gar­ment man­u­fac­turer what is your per­spec­tive on the year that just passed and what is the strat­egy for the year 2018. How do you think the in­dus­try will change in the post GST era?

Ithink we have not been able to make the Gov­ern­ment un­der­stand re­gard­ing ur­gency of restor­ing GST and duty draw­back rates. As far as I know me and all my friends in the in­dus­try are de­clin­ing busi­ness and the im­pact of the same will be re­flected in the first quar­ter of the year. You will no­tice a lot of close downs es­pe­cially small and medium ex­porters are suf­fer­ing the most and it has to be con­sid­ered that 90% of the gar­ment in­dus­try con­sist of small ex­porters.

Right now when even the big ex­porters are fac­ing the wrath of cur­rent sit­u­a­tion you can very well un­der­stand what will hap­pen to small ex­porters. We have de­clined busi­ness worth Rs 30 to 40 cr be­cause while ear­lier we had sup­port of 13%, and good com­pa­nies and bot­tom line of

5%, now the loss is 7 to 8% which is not in bal­ance sheet so rather than ac­cept­ing or­der and bear­ing losses we are clos­ing lines.

Sud­hir Dhin­gra, CMD, Ori­ent Craft Lim­ited

2018 it is go­ing to be very dy­namic year I am op­ti­mistic about it, as the Gov­ern­ment is work­ing with align­ment in time­line of in­dus­try, there are chal­lenges but we will pass through. Ex­ports are hit in last the last five months and this is the time we need to learn from our com­peti­tors like Bangladesh in terms of pro­duc­tiv­ity. In­stead of ex­pand­ing right now our fo­cus is to work on pro­duc­tiv­ity and work on our man­u­fac­tur­ing strengths.

Shreyaskar Chaud­hary, MD, pratibha Synex, indore

Ihave al­ready warned the Gov­ern­ment that we need the draw­back rates like ear­lier we are fac­ing very hard times and we can­not look up to 2018 in a bright way if the same trend con­tin­ues.

Viren­der Up­pal, Owner, richa Global

See the mar­ket sit­u­a­tion is very tough and we ex­pect good times now. We had so far not worked on mar­ket­ing and now see­ing the mar­ket sit­u­a­tion we have started work­ing on, prod­uct in­no­va­tion, new type of yarns, fab­rics and knits. Apart from that we are ex­plor­ing new mar­kets and cus­tomers in coun­tries like Ja­pan un­like ear­lier when the only tar­get was US and EU mar­kets. We are also work­ing on au­toma­tion but we have not gone to the next level be­cause right now the pri­or­ity is to work on sus­tain­abil­ity rather than mov­ing on to new prod­ucts.

Ruben J Swami­doss, CEO, Cen­tury ap­par­els, tirupur

The or­ders are not ma­te­ri­al­is­ing, buy­ers are not find­ing In­dia any more at­trac­tive and are switch­ing to China, Pak­istan, Bangladesh and Viet­nam. There were so many prod­ucts where Lud­hi­ana did not had any com­peti­tors even China was not able to com­pete; but now they are mov­ing to new coun­tries. Huge amount is blocked in GST, our cash flow is blocked and we are not able to pay to work­ers and all these fac­tors like GST, duty draw­back rates and rosl.

Narinder Chugh, Mil­lion ex­porter, Lud­hi­ana

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.