Garment Exporters In India Occupy The Market Share Between China And Bangladesh.

At present, China is facing the problem of high labor cost. Therefore, India is favored by P.

In addition, the rise of the RMB against the US dollar has reduced China's competitive edge.

In September, labor protests in Bangladesh called for higher wages.

Moreover, the collapse of the forest frog square building in Bangladesh in April 24, 2013 resulted in the safety and working conditions of Bangladesh.

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< p > on the other hand, according to the data of < a href= "//www.sjfzxm.com/news/index_c.asp" > clothing export < /a > promotion (AEPC), the rupee drop has boosted India's exports.

In January 2013 -5 clothing exports to the EU increased by 5.9% over the same period in January 2013, while exports from China and Bangladesh decreased by 9.7% and 1.8% respectively.

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< p > according to the data collected by AEPC, in September, India's clothing exports increased by 14.95% to US $1 billion 110 million.

In the first half of this fiscal year, India exported 7 billion 900 million US dollars of clothing, an increase of 13% over the same period last year.

Federal textile minister K S Rao expects this year's clothing and a href= "//www.sjfzxm.com/news/index_c.asp" > textile "/a" exports to US $20 billion.

Exports of clothing and textiles reached US $14 billion last year.

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"In recent months, due to problems in Bangladesh, our clothing orders have increased," said Raymond Shivkumar, chief financial officer of P M.

Importers are now more willing to import from India than Bangladesh because of safety compliance issues.

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P, compared with the same period last year, orders from the euro area have increased by 15%.

Orders from the United States have also increased.

Exporters also saw good demand from western Asia and Japan.

A href= "//www.sjfzxm.com/news/index_p.asp" > India < /a > clothing also began exporting to Latin America, Russia and Australia.

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Fitch group, India evaluation and Research Institute, expects that this trend will continue in the medium to short term, P.

Strong revenue growth and profitability in the 14 fiscal year may improve the credit indicators of garment exporters.

However, while expanding exports, exporters may encounter the challenges of managing liquidity, long operating capital turnover and increased operating capital to restrict textile export business.

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Premal Udani, former chairman of P AEPC, said that most of the exporters were running at full capacity and outsourcing, because orders increased after the peak of the festival in December.

This year, orders are very strong, and the current rupee level is good for India.

Now, India has become the preferred clothing exporter, which is also very beneficial to India's clothing industry.

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According to a report released in New Delhi, India's emerging luxury market is expected to accelerate growth next year, exceeding the US $10 billion mark because it is motivated by the new generation of rich "hidden" consumers, whose spending power is gradually increasing.

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< p > India Market Research Institute IMRB and Confederation of Indian Industry predict that luxury goods sales will grow by 17% in 2014, breaking through the 10 billion US dollar mark, which is higher than the estimated growth rate of 14% in 2013.

The report said that "a large number of new generation of rich" joined the ranks of the traditional rich, expanding the India consumer group.

The report was released at a luxury meeting in New Delhi.

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< p > however, by the middle of 2014, the luxury market in India is expected to flourish, because India's economy will improve and the new generation of luxury consumers (from the first generation of entrepreneurs to business executives, doctors and professionals) will spend money.

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< p > this report regards the new generation of consumers as "closet consumers" and claims that they are particularly demanding because they have "internal conflicts" between their parents' middle class value and conspicuous consumption.

The consumer group must be able to offer value when buying high-end bags, jewelry, electronics, cars and expensive red wine, the report said.

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< p > the report points out that India's new rich, whether it is professionals, entrepreneurs or farmers, has not yet reached the level of buying luxury goods like a rich man who inherits his ancestral home.

The global luxury goods sales amount to 318 billion US dollars, while the India market still occupies a small part. But India's 1 billion 200 million population is becoming richer and richer, which represents great potential.

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