The demand for wool is continuing to grow in major international markets for imported clothing like the EU and the US. The demand is forecast to grow more strongly in Chinaâ€â€the world’s largest producer and exporter of woollen clothing and textiles.
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According to a KMPG report, FDI equity inflow in the Indian textile and clothing (T&C) sector has surged 16 per cent in FY2015-16 over FY2013-14. Major investments (by foreign collaborators and Indian companies) in the sector during April 2014 to March 2016 are also mentioned in the report which include investment worth $51.94 million in Fashion India Private Limited by E-Land Asia Holdings Pte Limited; $37.58 million in Procter & Gamble Home Products Ltd. by Procter & Gamble Home Products Ltd.
India’s wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia. Exports dropped three per cent in 2015-16 and 17 per cent from April to June 2016. Exports of wool and woolen products stood at Rs 3,012 crore in 2015-16 compared to Rs 3,112 crore a year ago. The decline is 9.4 per cent in dollar terms for the period.
India and Turkey have their own advantages & disadvantages, says Raj Tilgul of Rama Dis Tic. ve Danismanlik Ltd, in an in-depth SWOT analysis of these two most important textile countries.
India and Turkey are one of the major textile producing and trading countries in the world. There is always a clash of interest as to who is going to export to whom and when, as Turkey is one way a competitor to India and on the other hand a buyer as well. Below is a detailed SWOT analysis and recommendations to both the countries or their trade associations in order to smoothen and develop sustainable trade relations.
India and Turkey have their own advantages & disadvantages, says Raj Tilgul of Rama Dis Tic. ve Danismanlik Ltd, in an in-depth SWOT analysis of these two most important textile countries.
India and Turkey are one of the major textile producing and trading countries in the world. There is always a clash of interest as to who is going to export to whom and when, as Turkey is one way a competitor to India and on the other hand a buyer as well. Below is a detailed SWOT analysis and recommendations to both the countries or their trade associations in order to smoothen and develop sustainable trade relations.
Arti Gudal is Country Manager ? India at The Woolmark Company, a global authority on Merino wool and owns the Woolmark logo
Arti Gudal is Country Manager ? India at The Woolmark Company, a global authority on Merino wool and owns the Woolmark logo