India must improve the quality and competitiveness of dresses exports
In the EU-25, India 13 years in market share remained stable from 1996 to 2007, below the EU average growth rate over the same period the growth rate of imports from the world.
However, China, Bangladesh and Vietnam, the average growth rate of not higher than India, but also much higher than the EU-25 average 1996-2007 growth rate of global imports.
FICCI study also noted that over the same period, 25 countries in the EU womens heels and clothing imports, have increased the proportion of Vietnam, Vietnam in 1995, the proportion of only 0.8% to 1.6% growth in 2007.
Vietnam in the post - quota period (2005-07) average annual growth rate of 25.6%, in the former - the quota period (1996-2004), the average growth rate of 11.1%. Pakistan in the EU market share from 3.2% in 1995, down 2.9% in 2007.
Pakistan's apparel market in the EU market share (number) from 3.7 per cent in 1995 to 2.7% in 2007, the EU-25 imports, Pakistan's dress shirt and share (number) from 6.5 per cent in 1995 to 2005 of 8.02%.
Although, India's ranking in the EU market remained stable for the third, but the market in Bangladesh has been ranked sixth from 2002 to 2007, the fourth. Similarly, in the United States, Vietnam exports also appears to quickly catch up with India.
FICCI said that, obviously, in the EU and U.S. markets, the Indian lv replica exports are facing intense competition from Asian countries such as Vietnam, Pakistan and Bangladesh.
Indian rupee appreciation is part of the reason, but there are other factors, led to India's exports in global trade competitiveness than other countries.
FICCI highlighted these problems, economies of scale and labor laws are the main factors play a decisive role on competitiveness, the Government must appropriate interventions in order to ensure Indian exporters increase their world market share in dresses trade.
author:Pakele,www.mallfar.com's commentator