Posts Tagged ‘quota system’

Textile & Apparel Industry in Turkey

The industry has been read as the locomotive of the Turkish economy for years. Turkish Textile and garment exports continued to rise soon after began to decline in January, with the elimination of quotas in the EU and the United States.

The industrialization efforts of 60 and 70 gave birth to the modern textile industry in Turkey. At the beginning of this sector has acted as a small workshop. But the sector has shown rapid growth in the year 1970 has begun to drain. Today, Turkey is an important and tissue manufacturers and exporters of apparel in the world.

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Apparel Sourcing From India and China

In the post-quota era, India and China are emerging as the major hubs for global apparel sourcing, mainly to U.S.A. and the European Union.

There are several factors which led to this development. The vast size of the Indian textile industry and its competitiveness make it one of the world’s leading apparel exporters. India has vast sources of raw materials. Labor costs are low in India. Indian traders have a wealth of entrepreneurship, designs and experience, which enable them to produce and apparel of high quality. Changes in the policies of the Indian government have opened up the Indian economy to the outside world, which has led to a rise in exports. Indian textile firms are quick in making changes such as expanding their capacity and adopting new technology, keeping in view the growing demand for Indian apparel all over the world. India has a large source of cotton domestically. About 75% of India’s exports are cotton items.

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Innovations in the Apparel Industry to Keep Up With the Competition

The abolition of global textile quota system from America has made the big players of the industry to restructure their business again to survive in the strong competition of the American apparel market. Last year most of the market took advantage of the free trade era and exploited the resources in best possible manner. New initiatives were taken and new innovations were used to fulfill the demand and to provide the customers, the best value added products at a more accessible price. This year also this trend of reorganizing the business for stiff competition is visible in American apparel industry. The areas in which this industry is concentrating more are better merchandising, better inventory management, consolidating sources and more involvement in sourcing the country. The only target behind all these is reaching the market in a better way and that to with a wide range of products. Same strategies were used last year and brought huge success for big fishes of apparel industry.

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