Market expansion follows acquisitions for textile companies
23 Sep '06
2 min read
The export of textile and garment reached Rs75 billion in 2005-06 against Rs60 billion in 2004-05 with an impressive growth rate of 25 percent. Encouraged by this, Government has set an ambitious textile export target of $50 billion by 2010. Indian market is the fastest growing textile market in the world.
Trends in textile markets have changed. Now, buyers want to buy products from a number of manufacturers only who have large production capacity. This move has severely affected small players in the market as they have to sell out due to margin pressure.
Companies, which have already expanded themselves are now looking to increase their market reach as they are already having the capacity to meet the demand of local and international markets.
marketing@alchempro.com
