Market Update

Market Update

MAKE IN INDIA SLOGAN MOTIVATES EXPORTERS (EXPANSION ON CARDS AMONG SME'S)



Apparel export sector is facing a tough situation from the last few years due to several reasons ranging from recession, slow economy and many more. The export has fallen down drastically in the last one year as the export target has not been attained. However, even in this situation the vision of PM Shri Narendra Modi, ‘Make in India’ project has been a way forward for many small and medium players and thus they are the ones who are on an expansion track. On one hand, some players are planning to set up a new unit and double their capacities many have created strategies to target the untouched markets so that they can balance the business during tough times. When Team Perfect Sourcing had one-o-one interaction with these exporters they shared their expansion plans that are in pipeline. A Report….


Zobotex to double its Capacity

Tapping new markets South America & Chile


(Parmod Aggarwal, Director, Zobotex Garments Pvt. Ltd. with his family)

Since 1998, Zobotex Garments Pvt Ltd is into manufacturing and exporting of sweaters and knitted garments for women. Although the market is going through a tough phase, however, the company is planning to set up a new factory in Noida. Parmod Aggarwal, Director, Zobotex Garments Pvt. Ltd. shares, “We are into manufacturing of autumn/ winter which is rarely done by Indian exporters so we face very less competition in our country and this will push us for achieving higher growth. “We are planning to set up a new factory and double our capacities from markets,” said Parmod. Based in Delhi, the company offers competitive prices without compromising on quality and has in-house manufacturing facilities from cutting, stitching, and packaging. Parmod informs, “We should look towards those markets which are emerging in the apparel sector and are showing good potential for the Indian products and thus we are focusing on Chile and South America.” As far as trends are concerned he mentioned that textured knits, pine tales are in demand whereas in garments, kaftans, ponchos, cape dresses are being highly preferred by the buyers.



Kothari Hosiery Enters Exports

Company sets up a new factory at Kolkata


(At Left) Ashwini Kumar Kothari, Director, Kothari Hosiery Factory Pvt Ltd.



Our recognition in the market as a prominent manufacturer, supplier and exporter has been possible due to our superior quality range of products offered,” said Ashwini Kumar Kothari, Director, Kothari Hosiery Factory Pvt Ltd. Since 1948, the company is serving the industry with its innovative and varied range of products and has created its benchmark in the hosiery segment. The company is supplying to Reliance, TPG, pantaloons, and all the bigger formats in retail sector. Earlier the company was only into domestic sector, but it recently ventured into exports with its kids wear range that will cover the age group of 0-14 years.

He informs, “In kids wear segment, the demand for kid clothing in the age of 0-3 is high, thus we are coming up with a new unit in Kolkata which will be certified by buyers and will be fully compliant in order to offer the quality to customers.” With daily production capacity of 20000 the company offers knitted bed sheets, blankets, t-shirts, casual wear, winter wear, briefs, socks, vests, other hosiery goods, etc. Along with kids wear, the company also manufactures men’s wear and in order to meet the quality requirements of the customers. The company manufactures all its products in cotton and mélanges fabrics. Ashwini further informs, “We are focusing more towards the markets of South, West and North and as per the response in both export and domestic market we are expecting a growth of 30-40% in financial year 2016-17.”

Singaar Global Plans to set up a New Factory

(Sagar Sharma, Director, Singaar
Global with his wife)

Started in 2001, Singaar Global, a Jaipur based manufacturer, exporter and retailer of ladies wear is catering to both export and domestic sector of apparel industry. Specializing in palazzo, the company offers a wide range of products in women’s wear segment including dresses, tunics, shirts, tops, skirts, etc. Sagar Sharma, Director, Singaar Global said, “We believe in customized clothing and deliver the quality on time, we have all in-house manufacturing facilities with a team of 20 professional designers, who help us to be competitive in the market through latest trends and designs,” added he. Sagar shares, “We are planning to set up a new factory in Jaipur wherein, we are planning to grow cotton from farm and create fiber to fashion. The idea behind this project is to generate more employment for farmers.” With well equipped infrastructure, the company manufactures 30,000 garments per month and is exporting to the markets of Europe, Australia, South Africa, Canada and the US.

Sagar informs, “After the set up of this new plant we are looking forward to expand our production capacity by 1 lakh pieces per month.” He further added, “We have noticed that Mauritius market is expanding at a fast pace so we are now trying to focus on this market. “Although the market is tough but if the products have good value then the situation can’t affect the business for a long time.” The company expects 8-10% growth in the coming year.

Textilana Planning for Another Fabric Unit in Delhi

Launched Tweet fabric in India


(Nikhil from Textilana)

Over an experience of 30 years in fabric manufacturing sector, Textilana has recently launched tweet fabric in India which was earlier imported. Nikhil from Textilana shares, “We believe in innovation and bring something new for the Indian apparel industry, thus we have come up with this fabric, which was earlier manufactured in China, but now it will be available at a much competitive price in India.” He added, “Our motto has been to bring 100% made in India products and if we succeed in our motive then we can bring a lot of imported fabrics from different parts of the world and abide by Prime minister’s vision ‘Made in India’ initiative.”

Textilana has a large set up in Mumbai with the facility of spinning mills and weaving mills and the company is now planning to set up a new unit in Delhi for fabric manufacturing. Apart from fabrics, the company also manufactures men’s wear like shirts, trousers, jackets, etc. He informs, “We have best machines from Italy that help us to get the perfect finish in our garments.” “We have been supplying fabrics to the local exporters and supply our garments under Kobe brand to various export destinations,” he told. “Currently we are targeting Africa and Eastern Europe countries to market our products and with positive response from different fairs we are expecting a growth of 15-17% in financial year 2016-17,” concluded Nikhil.