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Newsletter: October 2009
Textile Exporters Start
Using Cheaper Materials
As overseas buyers of textiles continue to insist on lower prices, large
export firms have started using cheaper materials for international markets
so that they can stay profitable.
Bangalore-based Gokaldas Images, for instance, which counts Armani Exchange,
Calvin Klein Inc., VF Corp. and Oxford Industries Inc. as clients, has
replaced acetate or viscose fabric with cheaper polyester to line the inner
side of a garment. That way, it maintains quality and texture of its
garments while saving 15-20% on lining material, substantial when done in
large volumes.
And with demand for premium wool suits drying up in foreign markets,
Gokaldas is producing more polyester viscose suits at nearly half the price
of woollen suits.
The demand trend from European and US markets have changed from premium to
value and they now want cheap stuff that also look good. So, manufacturers
have to find various ways of meeting this demand.
This using of cheaper material, lower thread counts, or a more
cost-effective design, has allowed several textile exporters to fill up
their order books ahead of the key holiday season in the West.
But it’s still a challenge to make a shirt that cost $69 earlier for $39 and
make it look and feel the same.
To reduce input costs, Orient Craft is switching to fabrics that costs Rs80
($1.71USD) a metre, down by Rs20 ($0.43), and opting for cheaper machine
embroidery of Rs35 ($0.75) a metre from Rs50 ($1.07) earlier.
Inbuilt input efficiencies is critical now and they are trying new things
like metallic-finish fabric or African prints for clients who want
value-added products.
Exporters are also removing non-profit clients that demand high-value
products in small volumes.
Mumbai-based Morarjee Textiles Ltd says the way ahead is through value
engineering of products, price reduction and product innovation. Many
Indian exporters are now trying to include value-added features at a lower
cost to push sales.
Morarjee, one of the largest suppliers of material for the Arab headgear
guthra—a headscarf worn over a skull cap—has modified the design to make it
cheaper. The company, which also supplies to retailers
such as Robert Talbott and Hugo Boss AG, removed a design accessory
in the guthra and it has reduced the price by 10-15%.
Midas Touch Export Ltd, has introduced a woven component as value-addition
to t-shirts, which are typically made in jersey or knitted fabric.
Earlier, Alok would supply more expensive, finer bed linen with a thread
count of 500 per square inch, which has now shrunk to 200-300 making the
linen cheaper by 25%.
“Margins are not hit because input costs have also reduced. We can use
cheaper quality of yarn to cut cost,” said Alok’s chief financial officer
Sunil Khandelwal. |