During a press conference, A Shaktivel, President Tirupur Exporters
Association (TEA) said that, a heavy dependency on cotton-made knitwear
products would limit the export opportunities of knitwear industry
entrepreneurs, to a very small segment of the market. .
.
Goods made from synthetic fibres will help producers generate a variety
of products, including winter wear and swimwear, among others. This
will enable the producers to garner business all year round, as
compared to the three-month business period for products made of
cotton-fibre..
.
With the establishment of Knitwear Technology Mission by the Apparel
Export Promotion Council, TEA already imports man-made fabrics from
Taiwan. This helps in both production and overseas sales of knitwear
products, to varied destinations, which will be further increased in
the coming four year, informed Shaktivel..
.
Shaktivel also said that, in order to diversify trade beyond the
traditional Western markets, knitwear exporters were also facilitated
with sops by the Union Textile Ministry so as to penetrate into the
Eastern markets. .
.
He said that, with the impact of rising yarn prices and restrictions on
cotton and cotton yarn exports imposed by the government, the impact of
sops would be seen within three to four weeks and the prices would
reduce steadily.
Date:4/19/2010
Source:Reuters