Exporters from Tiruppur, the Tamil Nadu town that accounts for 55% of the country s apparel exports, said global brands have bought low-priced garments like simple t-shirts that cost around $2 per piece, in contrast to fashion garments and jackets priced $8-10 per item that they bought last year during the holiday season.
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More than 20% of apparel exporting units in Tiruppur and Noida have halted manufacturing operations due to a decline in orders from international brands caused by a global slowdown. Medium and small enterprises, in particular, are struggling to service bank loans. There are no significant orders for Christmas, but the industry hopes that orders will return by next spring-summer season, normally placed in September.
More than 20% of apparel exporting units in Tiruppur and Noida have halted manufacturing operations due to a decline in orders from international brands caused by a global slowdown. Medium and small enterprises, in particular, are struggling to service bank loans. There are no significant orders for Christmas, but the industry hopes that orders will return by next spring-summer season, normally placed in September.
A three day exhibition of dyes and chemicals for garment and home textile industry was inaugurated in Tiruppur on July 6 thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.