Textile Sector: Apparel officials say the new taxes are squeezing the industry, which is among Turkey s biggest employers, supplying heavyweight European brands such as H&M, Mango, Adidas, Puma and Inditex.
Apparel Companies: One of the largest apparel manufacturers Arvind s chief strategy officer Samir Agarwal told analysts a fortnight back that the inventory correction cycle, which was playing out for the last 2-3 quarters, has tapered off and its customers have begun fresh buying discussions. "Although they are going to buy in small lots and closer to the actual demand, those discussions have resumed," he said.
One of the largest apparel manufacturers Arvind s chief strategy officer Samir Agarwal told analysts a fortnight back that the inventory correction cycle, which was playing out for the last 2-3 quarters, has tapered off and its customers have begun fresh buying discussions. "Although they are going to buy in small lots and closer to the actual demand, those discussions have resumed," he said.
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