Sharp Drop In Export Orders In India Textile Industry

In the past two months, apart from a few

India exporters received the last batch of Christmas orders in the first week of November, and the data are still being sorted out.

A big clothing exporter, Gokaldas export company consultant Rajendra Hinduja, said this is India.

Affected by the European debt crisis, exports of India's textile and clothing products to the European market have been hit hard.

An industry source said that the current number of large retailers in Europe increased, but smaller buyers were only in a state of survival.

At present, the largest number of purchasers in the middle scale are suppliers from India, but they are most seriously affected.

Clothing exporters in India say that because of the financial crisis in the two pillar markets in Europe and the United States, demand is not as good as last year, but suppliers of fabrics and home textiles indicate that the demand is good.

In order to ease the pressure on the external market, exporters are also striving to improve domestic market share.

Some large exporters in India, including Gokaldas, began to shift their focus to the domestic market.

A year ago, nearly 90% of the company's products were used for export, and now it is reduced to 85%.

A company official said that the company's goal is to reduce exports to 80%, and pfer surplus products to the domestic market.