alchempro
Home breadcru News breadcru Textile Market Trends breadcru After China, India is the second most preferred textiles destination, says CII study
Textiles

After China, India is the second most preferred textiles destination, says CII study

24 Oct '05
2 min read
India has now become the second most preferred alternative after China in textiles and emerged as a "one-stop shop" for retailers and apparel companies looking for a reliable destination for their sourcing solutions, a CII study has said.

After dismantling of quotas in textiles from this calendar year, South Asia holds 14 per cent and 9 per cent share in US and European markets respectively and is expected to be major gainer of safeguards on China with India soon leading the race, the study on textiles by CII-KSA Technopak said.

The study pointed out the advantages of India over China namely easy availability of raw material, spinning, weaving and garmenting capabilities.

China has a growing domestic market, which consumes seven per cent of the total textile production. Chinese buyers too are not keen on making China a one-stop sourcing destination for textiles due to the uncertainties arising out of the safeguards, quotas and revaluation of Yuan, it said.

Indian still needs to improve on the economic and infrastructure fronts. It needs to improve its labour laws, develop world class infrastructure and build international scale of operations, CII said.

Buyers and suppliers will have to adapt to more drastic changes in future trade as compared to the first phase of the post-quota regime, the study said.

The chamber also listed out various issues plaguing China's trade like imposition of specified quotas on China by the European Union for three years in certain clothing categories.

Economic Times
More Textiles News - India...

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!

More News

Copyright © 2025. All rights reserved by Fibre2Fashion Pvt. Ltd.