|
|
Textile exporters scout for alternative markets to US & Europe |
|
01/05/2009 |
| The decline in exports to the US and Europe has prompted the search for alternative markets like Japan, South Africa and Latin America because only 4 per cent of textiles are shipped here.
As against this, the US accounted for nearly 20 per cent and 33 per cent of textile and apparel exports, respectively.
Most exporters hope that the situation will improve by October. Attempts are also being made to reduce the dependency on the US and the European markets.
The Apparel Export Promotion Council (AEPC), the apex body for promotion of garment manufacturing and exports, had organised a buyer-seller meet in South Africa last month to attract buyers.
AEPC is also organising an apparel export show in Japan and Brazil in July.
However, experts feel that these new markets cannot be effective substitutes for the US and Europe. |
|
|
print
this page
