Showing posts with label fashion wholesale. Show all posts
Showing posts with label fashion wholesale. Show all posts

Saturday, 17 August 2013

apparel manufacturer


The apparel manufacturers in south Gujarat’s first Special Economic Zone (SEZ) for garment and textile are at the receiving end as the denotification of apparel park hangs in balance. While the unit owners in SEZ are willing to wind up their manufacturing facilities following the steep decline in export orders from key markets like US, Europe, Germany and Japan, the concerned departments in central and state government are yet to take any decision.apparel manufacturers india The Surat Apparel Park Association (SAPA), apex body of garment manufacturers in SEZ, has urged the central and the state governments that SEZ should be denotified and converted into a regular apparel park so that the units can face the onslaught of dwindling demand from key export markets by selling their garments in domestic market. According to the data released by Apparel Export Promotion Council (AEPC), India exported garments worth $ 2.41 billion in the quarter that ended on June 30 as compared to $ 2.85 billion it earned in the previous year. In June, garment exports fell 10.15 per cent from $ 968 million to $ 870 million due to the dwindling demand from key foreign markets and the trend continued in the first quarter of 2010. Secretary, SAPA, Nilesh Mehra told TOI, “About 41 stakeholders in SEZ have sent letters to the concerned departments seeking de-notification of the apparel park from SEZ. In the last few months, around 20 per cent of the garment workers have lost their jobs due to the cut in production of garments.”apparel manufacturer According to Mehra, Surat Apparel Park in Sachin was converted to SEZ in 2006. Out of the 128 demarked plots inside the SAP-SEZ, developed by GIDC, only 66 plots are sold to 42 unit holders. Only 11 units have started so far employing more than 3,000 workers from nearby villages, while the construction of other eight units are going on. There are some 23 units owners who are not ready to invest in the park following the low sustainability. The total investment by 11 units so far is around Rs 195 crore and the export in the last three years since August-2006 is hardly Rs 60 crore. This shows that the Apparel SEZ in Surat is a loss making venture and thus, we are not interested to continue in it for long,” said managing director, Saffari Apparels, Kirti Patel said.

Monday, 12 August 2013

Tough measures to cure garment sector’s Re woes


Mumbai: These days, it is easy to get an appointment with chief executives of garment manufacturing firms. They want to talk at length of their woes, mainly due to the declining dollar and even large firms have been forced to send home workers. Two large Mumbai firms, which have been in the business for over two decades, claim they have sent home 600 workers. Coming in the back of a year when the garment industry received record orders from foreign buyers, the reversal seems to suggest that something is seriously amiss. Says Vijay Agarwal, chairman, Apparel Export Promotion Council, and owner of Mumbaibased Creative Garment: ‘‘The sudden depreciation of the rupee hit the industry like a tsunami. A short term relief is much in need to stem the closure of units.’’ apparel manufacturer Agarwal paints a grim picture. He shows statistics that the export has actually declined in the first few months this year. Though he is unwilling to talk about his company, as the chief of the industry association, he laments that many firms across the country have shut shop. In fact, firms in Tirupur have given their employees extended holidays in the festive season as Indian orders have been diverted to Bangladesh and China, where the local currencies have not appreciated like in India. The change in the attitude of garment manufacturers is quite dramatic. As early as 2004, they wouldn’t want to talk about their business. wholesale apparel manufacturers Mostly family-owned, garment manufacturers were then making money hand over fist, thanks to firms quotas they held to export to developed countries like the US, Europe and Japan. Larger firms broke down their business into smaller ones and ran them under different names to benefit from government regulations. A large manufacturer in Tirupur, who spoke at length at his current problems, had then said: ‘‘We have nothing to say to the media.’’ apparel manufacturers india What changed? The WTO abolished quota in 2005, making it a free-for-all. Existing players had a head start, but months into the free market the cracks began to show. Bought up in a tame environment, Indian companies were highly inefficient in managing capital and manufacturing productivity. An Indian worker made 40% fewer shirts than their Chinese and Thai counterparts. Says a Delhi-based consultant: ‘‘Margins in the quota era was 30% plus, there was no incentive to be efficient.’’ Again as an export industry, the industry was pampered by the government with further tax and credit concessions. Even today, textile and garment firms wanting to expand their business can get a 5% special discount on the interest rates available to other industries.

Saturday, 10 August 2013

‘Denotify SEZ, convert it into apparel park’


The <a href="http://www.way2trading.com/companies-category/apparel-fashion.html">apparel manufacturers india</a>in south Gujarat’s first Special Economic Zone (SEZ) for garment and textile are at the receiving end as the denotification of apparel park hangs in balance.
apparel manufacturers india While the unit owners in SEZ are willing to wind up their manufacturing facilities following the steep decline in export orders from key markets like US, Europe, Germany and Japan, the concerned departments in central and state government are yet to take any decision.<a href="http://www.way2trading.com/companies-category/apparel-fashion.html">usa wholesale clothing</a>
The Surat Apparel Park Association (SAPA), apex body of garment manufacturers in SEZ, has urged the central and the state governments that SEZ should be denotified and converted into a regular apparel park so that the units can face the onslaught of dwindling demand from key export markets by selling their garments in domestic market.
According to the data released by Apparel Export Promotion Council (AEPC), India exported garments worth $ 2.41 billion in the quarter that ended on June 30 as compared to $ 2.85 billion it earned in the previous year. In June, garment exports fell 10.15 per cent from $ 968 million to $ 870 million due to the dwindling demand from key foreign markets and the trend continued in the first quarter of 2010.
apparel manufacturers india Secretary, SAPA, Nilesh Mehra told TOI, “About 41 stakeholders in SEZ have sent letters to the concerned departments seeking de-notification of the apparel park from SEZ. In the last few months, around 20 per cent of the garment workers have lost their jobs due to the cut in production of garments.” <a href="http://www.way2trading.com/companies-category/apparel-fashion.html">fashion wholesale
</a>
According to Mehra, Surat Apparel Park in Sachin was converted to SEZ in 2006. Out of the 128 demarked plots inside the SAP-SEZ, developed by GIDC, only 66 plots are sold to 42 unit holders. Only 11 units have started so far employing more than 3,000 workers from nearby villages, while the construction of other eight units are going on. There are some 23 units owners who are not ready to invest in the park following the low sustainability.
“The total investment by 11 units so far is around Rs 195 crore and the export in the last three years since August-2006 is hardly Rs 60 crore. This shows that the Apparel SEZ in Surat is a loss making venture and thus, we are not interested to continue in it for long,” said managing director, Saffari Apparels, Kirti Patel said.
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