Festival season to boost textile sales; Chinese imports remain a concern
The Indian apparel industry expects a boost in sales during the upcoming festival season, though manufacturers remain concerned about rising imports from China. While raw material costs are stabilizing, companies are absorbing price hikes to maintain competitiveness.
Why it matters
The textile sector is a major employer in India, and its performance during the festive season serves as a key indicator of consumer sentiment and domestic manufacturing health.
Festival season to boost textile sales; Chinese imports remain a concern COIMBATORE The apparel industry has entered the festive season on a positive note, with 52% of the Cloth Manufacturers Association of India (CMAI) members expecting higher sales than last year. However, there are also concerns among the apparel manufacturers in Tiruppur about rising garment imports from China. According to a recent survey done by the CMAI among its members, numbering close to 7,000 and including major retailers and brands, close to 30% of the respondents expect the sales this year to match last year’s performance. Just less than 20% expect a decline. Former president and chief mentor of the CMAI Rahul Mehta told The Hindu that in a prelude to the Deepavali season, the eastern States did well for dussehra sales.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in