BENGALURU: The turmoil in Bangladesh is anticipated to divert some world clothes orders to India, positioning the nation as a most well-liked manufacturing various amid provide chain disruption attributable to the political disaster.
“India could develop into a extra engaging vacation spot for attire producers looking for to diversify their dangers. India, which has 4% market share within the world textile sector, has the potential to seize a further 2% of the market share within the world attire trade, ” stated J Suresh of BCG.
Indian textile entrepreneurs additionally anticipate elevated demand for attire exports quickly. Prabhu Dhamodharan, convenor of the Indian Texpreneurs Federation in Coimbatore, informed TOI that worldwide consumers would possibly divert 10-15% of orders to different locations as a short-term technique. Nonetheless, for long-term progress within the Indian attire sector, a concentrate on the China-plus-one technique is important.
Bangladesh and Vietnam are gaining market share in garment exports on account of engaging labour prices and large-scale manufacturing.
“India could develop into a extra engaging vacation spot for attire producers looking for to diversify their dangers. India, which has 4% market share within the world textile sector, has the potential to seize a further 2% of the market share within the world attire trade, ” stated J Suresh of BCG.
Indian textile entrepreneurs additionally anticipate elevated demand for attire exports quickly. Prabhu Dhamodharan, convenor of the Indian Texpreneurs Federation in Coimbatore, informed TOI that worldwide consumers would possibly divert 10-15% of orders to different locations as a short-term technique. Nonetheless, for long-term progress within the Indian attire sector, a concentrate on the China-plus-one technique is important.
Bangladesh and Vietnam are gaining market share in garment exports on account of engaging labour prices and large-scale manufacturing.
