Rising cotton prices and consequent increase in fabric costs coupled with a severe economic downturn globally is taking a heavy toll on garment exports out of India, the Apparel Export Promotion Council (AEPC) said today.
Fabric prices have jumped dramatically in the past one month, forcing many exporters to cut production and honour contracted quantities at a loss, said AEPC chairman Rakesh Vaid. more.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment