FROM THE EDITOR-IN-CHIEF ’ s DESK …
Indian exporters caught in a vicious circle of crisis
The garment export industry seems to have got into a vicious circle where the problems instead of getting solved are creating fresh problems , and opportunities that could have been grabbed are getting ignored !
So much has been said and written about the issues that are plaguing the industry that at times I feel that we as a magazine have become repetitive … But if the industry in the last two years is constantly talking on the same lines and the Government continues with its strategy to give false promises , what is new !
No one really seems to even understand the threat that looms over US President Donald Trump on a mission to balance trade deficit . He is not a politician but a businessman , and if the Government does not take him seriously , we as a country can really face some serious export issues .
Exporters are already challenged by n-number of issues and the US market is getting more difficult . This will not only add to the pain , but will also result in many factories closing down .
We all need to recognise the challenges , and accept that these roadblocks are slowly killing the ‘ will ’ of the exporters to stay in the industry .
No one is talking about ‘ less orders ’ anymore ; in fact , exporters are really feeling the pinch that they cannot grab these orders as they don ’ t have liquidity , and prices being offered do not justify the risk .
The issues are now centred around competitiveness which is a combination of how efficient the factory is , besides the support coming from Government and trade relations with countries that are export destinations .
While exporters can keep working on ‘ how to increase productivity ’; ‘ keep workers happy ’; and improve upon product offerings …, how can they address issues that are not in their hands …; issues that can be solved only with Government-level efforts and interventions .
Yes , IGST refunds have begun , but again , not everyone is getting the benefit … Similarly , skill development programmes are a dime a dozen , but where are the workers that are being trained …, no one seems to know .
Obviously , there are real issues that need to be addressed ; it is time to put our house in order , group together for collective solutions and operate as a cohesive force to let the world know that the garment industry is very much alive and competent to handle global orders .
The next 6 months are going to be watchful , and we can only hope that both the global uncertainties and the internal dilemmas are sorted out soon , so that exporters can get back to what they are best at … Business !
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6 Apparel Online India | JULY 1-15 , 2018 | www . apparelresources . com