Besides, the expiry of quota on China by 2008 is also posing a threat to Indian exporters. However, Mr R P Sing believes, “Although Chinese market is going to give more competition in the market from 2008, shifting more business from US to Europe will prove helpful since US dollar is not stable and neither is its economy. Moreover, if we focus on high value added products we should not face any competition from Chinese market.”
Finally, when asked about suggestions to the upcoming exporters of the country Mr Sandeep Das, Vice President Dhruv globals, opines, “The emerging group of exporters need to be more focused about their approach to the products they want to manufacture and the scale of business they want to be in. The industry is going through a bad patch and survival of the fittest is the key here."
He adds, "Moreover, dollar depreciation has also adversely affected us and conscious approach is what is needed for a year or two. By this time not only exports but the domestic demand will also uptake and there will be a brighter future to look at.”
Fibre2fashion News Desk-India
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