Vietnamese textile and clothing (T&C) enterprises are losing their competitiveness due to high costs of logistics services for exports, experts have said.
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India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low a couple of days back.
Meanwhile, a FICCI survey says “the Indian economy is expected to grow at 7.4 per cent in the current fiscal, higher than the previous year.
Pakistan’s textile exports dropped 16.1 per cent to $1.002 billion in July 2018 compared to shipments recorded in June, which stood at $1.194 billion.
Prashant Group, established in 1975, is one of India’s prominent and fast growing Textile Machine manufacturing companies.
India’s apparel exports downturn may continue and is expected to decline by overall 10 per cent in FY19, a senior industry official said. In 2017-18 exports declined by 4 per cent to $16.7 billion.
Export of knitwear and readymade garments from Tamil Nadu fell by 5.6 per cent in 2017 18 owing to various reasons, including demonetisation, GST and global competition.