Indian apparel exporters to face new competition

Along with the changing global scenario, India apparel exporters may not have to face competition from China, but from three other countries – Bangladesh, Vietnam and Indonesia, according to experts.

The three Asian countries are more efficient and cost competitive in apparel production and Indian apparel exporters run the risk of losing their market share to these countries, they warn.

“Global prices of textile products including apparel have declined and demand also continues to decrease, mainly due to the slowdown in the economies of large importing countries in the West. In such a situation, competition to Indian garment exporters arises from countries like Bangladesh, Vietnam and Indonesia, which are more efficient and cost competitive in apparel production,” Mr. DK Nair, Secretary General of the Confederation of Indian Textile Industry (CITI), told fibre2fashion.

“As of now, we run the risk of losing our market share to these three countries. Contrary to the general perception, China may not be our major competitor in global markets in the coming years because of their internal problems,” he adds.

“In design, quality and other aspects, Indian apparels can effectively meet competition from any country. However, price competitiveness will be the principal determining factor in bagging export orders,” he opines.

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