As the demand for apparel continues to rise this year, Indian textile companies are expected to maintain steady profits in the upcoming season. However, in recent months, the strengthening of the Indian Rupee has prompted many local manufacturers to rethink their sourcing strategies. Instead of relying on imported finished garments, several companies are now exploring the option of importing fabrics from China, where prices have become more competitive.
It is reported that when the rupee was weak, Indian textiles became relatively expensive, pushing many apparel firms to source fabrics domestically. But with the rupee appreciating steadily, Chinese fabric prices are now 5% to 10% cheaper than those in India. As a result, an increasing number of Indian apparel companies are shifting their focus toward Chinese suppliers.
Fabric costs typically account for around 60% of the total cost in the garment industry. Industry experts suggest that the rising value of the rupee has placed pressure on the Indian textile sector, which is the second-largest employment generator after agriculture. In 2015, the Indian textile industry was projected to achieve sales of Rs 110 crore, with exports contributing approximately Rs 45 crore to that figure.
This shift in sourcing strategy reflects broader economic adjustments as Indian manufacturers seek to remain competitive amid fluctuating currency rates and global market dynamics. The trend also highlights the growing influence of China in the textile supply chain, especially as cost efficiency becomes a key concern for Indian businesses.
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