Perfect Sourcing - - Reflection -

Af­ter a 17% de­cline in the April–june quar­ter, In­dia’s tex­tiles and cloth­ing ex­ports re­vived to wit­ness a jump of 11% in July. Data com­piled by the DGCIS un­der the Union Min­istry of Com­merce showed to­tal tex­tiles and ap­parel ex­ports at Rs 196.36 bil­lion ($ 2.86 bil­lion) for July 2018 com­pared to Rs 176.92 bil­lion ($2.74 bil­lion) for the cor­re­spond­ing month last year? Do you think there has been some im­prove­ment in sit­u­a­tion of ap­parel ex­ports from In­dia? What do you think has changed the sce­nario is dol­lar which is go­ing strong sup­ported ap­parel ex­ports from the coun­try or the sit­u­a­tion is still the same?

We started in 1986 and deal in ex­port busi­ness. Ap­parel ex­ports from In­dia de­pends on a lot of fac­tors like man­u­fac­tur­ing cost, labour cost, im­port du­ties, duty draw­backs and sev­eral oth­ers and at the mo­ment In­dia is not com­pet­i­tive from all these ends. There is hardly any im­prove­ment in sit­u­a­tion of ap­parel ex­ports due to the above fac­tors. It in fact has got­ten worse than ever. The Gov­ern­ment poli­cies will take some time to get im­ple­mented fully. The in­crease in dol­lar value will ob­vi­ously ben­e­fit as our cur­rency is down and it will be good to ex­ports in such sce­nario. ar­jun rai Saraf, Ma­jor Life Style pvt. Ltd, Jaipur

The Gov­ern­ment poli­cies are not sup­port­ive at all. The ex­hi­bi­tion tick­ets are never re­im­bursed now. AEPC is do­ing well but ul­ti­mately it is again a Gov­ern­ment body. There is still mo­nop­oly in In­dian hand­i­crafts and they are pro­moted more than ever. I as a woman en­tre­pre­neur feels that be­ing a woman en­tre­pre­neur with 100+ em­ploy­ees we need sup­port as there is no plat­form for women in this in­dus­try. The dol­lar rate is in­creas­ing and there will be 10% in­cre­ment in the ex­ports due to that.

Gee­tan­jali Kapoor, MLK Since 1965, Luc­know

With is­sues like GST, re­duced draw­backs and sub­si­dies, less mar­gins and en­hanced com­pe­ti­tion, buy­ers are ex­pect­ing cheap and good qual­ity stuff which has be­come a ma­jor chal­lenge for all ex­porters. The ex­porter is just pay­ing and pay­ing. So I don’t think that there is go­ing to be any ben­e­fit from, any end. The dol­lar will af­fect and bring some respite to the cur­rent sit­u­a­tion as it will fuel up ex­ports. The buy­ers are in­ter­ested in cot­ton prod­ucts and hand­i­crafts, but not blends. ra­jin­der Singh Kalra, Noor Cre­ations, New Delhi

Def­i­nitely things would get af­fected as things will get cheaper, prices will get com­pet­i­tive and the com­pe­ti­tion be­tween the coun­tries would also in­crease which in turn will bring more or­ders. But a lot of things will be­come ex­pen­sive also. ra­jin­ish ag­gar­wal, Laaj in­ter­na­tional, New Delhi

The econ­omy glob­ally has been af­fected and there are only two sea­sons to work upon. The US has now ex­tended sum­mers and ex­tended win­ters whereas in the EU heat waves are com­mon and they are lit­er­ally shred­ding clothes and are go­ing for va­ca­tions hence In­dia gets a chance to ex­port. There is de­cline in ex­ports to other coun­tries as well. If dol­lar rate con­tinue to go up then the sit­u­a­tion can get a lit­tle bet­ter. The Gov­ern­ment poli­cies are af­fect­ing the busi­ness of ap­parel in­dus­try in In­dia. In coun­tries like Bangladesh sup­port of Gov­ern­ment in terms of poli­cies and FTA is a big boon. The de­clin­ing cur­rency is never good for any na­tion. The ex­porters of course will get ben­e­fit­ted but im­ports are go­ing to get ex­pen­sive and this will cre­ate a re­pel ef­fect as what goes around comes around.

Uday Se­h­gal, Mariko pvt Ltd, Noida

We are a startup and in sup­ply­ing hand block prints and tra­di­tional prints. We are ex­port­ing to Spain and have a print­ing unit in Noida with monthly pro­duc­tion ca­pac­ity is roughly 10,000 pieces. The dol­lar is good for the ex­porters not the im­port busi­ness. De­pre­ci­a­tion of money can ben­e­fit but as far as the Gov­ern­ment is con­cerned it is not do­ing any­thing sub­stan­sial for new ex­porters.

Vi­neet Ya­dav, Mag­i­cal woods, Up

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