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