India Becoming The New Market For Textiles As Many Countries Leave China

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Pune, 3rd June 2022: Due to the increasing impact of the Covid lockdown in China, many countries of the world are now looking for Chinese alternatives for shopping.

India is proving to be the biggest destination for the same. Reports state that countries like Czech Republic, Egypt, Greece, Jordan, Mexico, Spain, Turkey, Panama and South Africa have started talks with Indian companies instead of China for the purchase of clothes.

Lalit Thukral, President, Noida Apparel Export Cluster, told Economic Times that Spanish-based garment company Sotorevs SL wants 1 lakh pieces of tie and dye and printed shirts. The talks have started with them.
He further said that another buyer from South Africa, Lizard PTI, which has 180 stores, wants to buy women’s clothes, while a buyer from Greece wants men’s clothes.

There are 3,000 units of Noida Apparel Export Cluster with annual turnover of 35 thousand crores and about 9 lakh people are employed in it.

China recently eased Covid restrictions in many cities, including Shanghai, after a two-month lockdown, but China’s zero Covid policy continues.
Reports suggest that this is the reason why buyers still see uncertainty in China. The arrival of new buyers in the Noida Export Cluster has also given hope to Tiruppur Garment Manufacturers.

Raja Shanmugam, President of Tiruppur Exporters Association said, “We are the largest manufacturer of woven garments in India. If they come to Noida, they will also come to us. Our only concern is the rising cotton prices, which may affect the delivery of goods within the stipulated time frame. Experts say that high cotton prices are reducing export opportunities, but despite this, a huge market has opened up for Indian manufacturers.”

India recorded its highest ever textile and apparel exports of $44.4 billion in FY22, an increase of 41 per cent over FY21. Talking about the share, America was on top with 27 percent. It was followed by the European Union with 18 percent, Bangladesh with 12 percent and the United Arab Emirates with 6 percent