India looks beyond the US
31/10/2008
The US economic downturn is hurting Indian garment exporters, according to the president of the Cothing Manufacturers' Association of India, Rahul Mehta. He has said that lower demand from the US and a fear that importing companies might close has created confusion among exporters in India, who send around 25% of their total garment exports to the US.
There is also fear of orders being cancelled and of non-payment, and for this reason, Mr Mehta said Indian garment manufacturers have already started looking for business in other countries.
Share this story:
