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