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It’s a wake-up call for the exporters who need to be vigilant against fraudulent buyers…With the margins going down and competition becoming fiercer, more and more cases of buyers either rejecting goods or negotiating hard on prices at the last minute are coming to the fore. The industry, especially the small- and middle-level exporter, is in dilemma as to how to address this issue; what are the safeguards available, and if rejections do happen, what are the options available to recover at least part payment of the shipment… Apparel Online talks to few exporters and an international stock liquidator on options available and solutions to avoid such deadlock. With the air of vibrancy and hope all around, the textile industry is at the cusp of change. In an effort to facilitate the Indian textile industry to gain and sustain a global position in manufacturing and export of clothing, the new Government which took over in May, has initiated the process of reviewing the National Textile Policy, 2000. With the industry expectations from the new Government high, both on domestic and international fronts, AO speaks to some industry heads to know if the Government is moving in the right direction. Besides the above, our regular columns of Mind Tree, H2F, Fashion Trends, Industry Wire, Export Statistics, etc. make the issue worth reading.
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Jan 23, 2021 | 3 days ago
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