January 2009 Issue
Content Details
- SPECIAL STORY:
Jute & Jute Industry in India
- RAMKUMAR'S Corner
- TR Exclusive
- An Analysis of Indian Silk Textiles
- Growth Road for the Indian Textile Industry
- Marketing & Branding Key for Survival & Growth
- Lakshmi Machine Works : Textile Stock Scan
- Textile New Projects
- Textile Statistics
- Career Opportunities
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The Indian textile industry is one of the oldest and most significant industries in the country. Due to global financial meltdown, Indian textile exporters, along with others in the traditional sectors like handicraft, carpets, marine products, leather and agro products, are facing some difficult times in these days.
As the traditional markets like the US and Europe are in a slowdown phase, Indian textile exporters need to change their focus, at least for the time being, from exports to domestic sales for growth. India's robust domestic market offers enough growth opportunities and it is the best time for Indian textile businesses to strengthen their hold on the domestic market.
As we are aware, the major share in the projected India’s textile and apparel market by 2010 as US$ 85 billion is from the export front. However, looking to the current global recession there results from export may not be positive hence Indian industry has to consider concentrating on domestic market to compensate the return from export. This can be done by strategically using these segments – Men's wear, Women's wear, Lingerie, Sportswear, Technical textiles, etc for the Indian consumers, understanding their needs.
India's textile product portfolio is diverse enough ranging from intermediates to finished textiles, children wear & sportswear to fashion lingerie, handicraft textile products to technical textiles. It is why shifting their focus from exports to domestic market expansion is an ideal way for the domestic textile manufacturers to minimize the negative effects of the current economic downturn on their business. India has a vibrant domestic market which offers enough growth opportunities and Indian domestic textile manufacturers should make the best of this promising market during this downturn phase of global economy.
Wishing all the Best for a rewarding and satisfying New Year 2009.
