Apparel Online India Magazine May 2nd Issue 2018 | Page 9

MIND TREE all factors matter. So long as the promoter is sincere, even the odds may turn out to be an advantage for the business. Take for example our case; even though we are a small garment factory, we have always questioned the prudence of operating a dedicated sampling unit to support our factory. Ideally a garment factory of our size would surrender to a larger exporter. Though its future is sealed, the sampling and office overheads are much smaller. However, due to our direct export ambition, we stayed committed to our sample room. This always left a huge hole in un-serviced overheads during the off-season each year. Some of the most serious challenges faced by the Indian garment export industry are the lack of adequate infrastructure and an inefficient banking system. China has a pegged exchange rate mechanism (Chinese yuan is 6 times cheaper than the USD even as China has multifold trade surplus over the US). Chinese bank NPA rate is 68% (read as 100% state subsidy for businesses). China also has a state-of-the- art infrastructure. There is not a single port that can harbour a mother vessel that we can use, this means that nearly 10 days will be wasted in each Europe- bound shipment in hopping over Colombo. Bankers too are partial, and crystallize a sticky bill on the very 181st day of NEXT MINDTREE QUESTION In the current difficult scenario, the entire supply chain associated with apparel exports, is under pressure. Being a buyer representative or buying house, what steps are you taking to cope up with this situation? So far, how much growth or downfall have you witnessed in the current fiscal? What are the changes in sourcing strategy that you brought in to maintain your business? overdue even as they debit ECGC premiums from our accounts every month. They will not pass even a Rs. 2,500 cheque under temporary overdraft (TOD) in spite of having collected crore of rupees in interests over the years. What is worst, there are about 18 unannounced automatic debits of bank charges which the account balance will have to survive before servicing an issued cheque. POST YOUR COMMENTS www.apparelresources.com [email protected] THE SPECIALISTS FOR FINISHING ARMHOLES 670 / 680 Visit us in Atlanta! May 22 nd to 24 th 2018 680 / 670 – NEW WORKSTATIONS FOR FINISHING ARMHOLES 680 – New workstation for attaching body lining and shoulder pads with simultaneously trimming of armholes 670 – New workstation for attaching sleeve lining into armholes through the shoulder pad Programmable, automatic material thickness detection Easy switchable fullness in the upper or lower material ply by push button Stitch loosening device to adapt the thread quantity to the thickness of the shoulder pad – for soft shoulder pads Switchable 2 nd foot stroke and 2 nd stitch length 2 nd thread tension for safe sewing start Integrated 6-function key bar for quick access DÜRKOPP ADLER AG www.duerkopp-adler.com • E-mail [email protected] Class 680 – Attach shoulder pad and body lining – simultaneously cutting the fabric edges Class 680 – Attach sleeve heads/wadding stripes Class 670 – Attach sleeve lining through the shoulder pad into the armhole Class 670 – Attach sleeve lining in the lower armhole area www.apparelresources.com | MAY 16-31, 2018 | Apparel Online India 9