As rupee continues its upward trend, textile exports are going down. Now manufacturers and traders are shifting their focus to domestic markets and are inventing creative ways to lure fashion frenzy youth.
Stocks scheduled for export are now piling up in local retail market. With growing supply the prices of products are sliding. Experts predict around 10 percent drop in prices of textile goods.
Infact, two major markets, US and EU, have increased apparel and garment imports from countries like Pakistan and Bangladesh as they offer cheaper rates.
About a couple of years ago similar market situation had pulled down denim prices 15 percent.
Analysts expect the history to repeat itself and once again force denim prices to plunge several degrees.
Finally, some good news for jeans carzy youngsters as their hip trouser just might get a lot cheaper!
marketing@alchempro.com
