| From The Editor's Desk |
|
| |
Is reviewing the textile export target enough?
Just a couple of days back Union Textiles Minister Shankarsinh Vaghela had hinted at the government's plan to review the target of $ 50 billion exports by 2010-11 for textiles, in the wake of rupee appreciation and global economic slowdown impacting the sector's growth.
However it's anybody's guess whether reviewing the export target is enough; it most certainly is not. Market trends suggest that the rupee most likely will remain volatile in the months to come. So do we review the targets again and again?
There has to be a long-term solution to this. Cutting transaction costs, reducing procedural delays, and improving the infrastructure on a war-footing will help. Exporters need to cut flab and streamline operations. Cutting on the production costs will mean they can sell goods at more competitive prices.
However, being cost-effective is just half the battle won. Exporters today need to focus on what customers need. To succeed, a flexible and dynamic approach to markets is what will enable exporters get over cyclical turns in currency values. They need to update themselves on the requirements of their customers, and also on what their competitors are doing.
India must export what the world needs, not simply what it cares to produce. As Minister of State for Commerce, Jairam Ramesh, had pointed out once, "What's the use of producing cost-effective khadi if the world does not want it?"
Yes, lowering export targets and achieving them will give us a false satisfaction, but is that what we want? Let's leave targets for the babus. Come what may, exporters need to take the market realities head on - after all it's about business and profits…targets are always secondary. |
Bikky Khosla
CEO
Tradeindia.com |
|
| |
|
|
 |
|
| Country Focus - Tunisia |
|
 |
Monthly Economic & Commercial Report on Tunisia for March 2008 giving latest updates on developments directly affecting India's foreign trade and investment. Read More... |
|
|
 |
|
 |
|
| Forthcoming Events / Seminars (Trade Fair & Exhibitions) |
|
|
SIAL China 2008 : 14th - 16th May 2008, Shanghai New International Expo Centre, China - Details |
Fashion Accessories China Sourcing Fair : 9th - 11th June 2008, Dubai, UAE - Details |
Electronics China Sourcing Fair : 9th - 11th June 2008, Dubai, UAE - Details |
Gifts & Home Products China Sourcing Fair : 9th - 11th June 2008, Dubai, UAE - Details |
India International Garment Fair : 16th - 19th July 2008, Apparel House, Gurgaon, India - Details |
All About Food Expo : 6th - 8th August 2008, New Delhi, India - Details |
Ildex India : 22nd - 24th August 2008, New Delhi, India - Details |
Papertech India 2008 : 18th - 21st September 2008, Mumbai, India - Details |
Professional Beauty & Fitness India : 26th - 28th September 2008, Mumbai, India - Details |
Asia Spa & Wellness Expo 2008 : 26th - 28th September 2008, Mumbai, India - Details |
BuildArch 2008 : 21st - 24th October 2008, Bangalore, India - Details |
IMME 2008: 05th - 08th November 2008, Kolkata, India - Details |
Electronics & Components, China Sourcing Fair : 14th November - 16th November 2008, Mumbai, India - Details |
Hardware & Building Materials China Sourcing Fair : 14th November - 16th November 2008, Mumbai, India - Details |
Agrotech 2008 : 28th November - 1st December 2008, Chandigarh, India - Details |
Commex 2008 : 04th - 07th December 2008, Hyderabad, India - Details |
Professional Beauty & Fitness India : 30th - 3rd December 2008, Delhi, India - Details |
Asia Spa & Wellness Expo 2008 : 30th - 2nd December 2008, Delhi, India - Details |
International Hospitality Fair (IHF 2009) : 23rd - 26th February, 2009, Bangalore, India - Details |
Get detailed and latest updates on other upcoming fairs & exhibitions - Details |
|
|
|
 Featured Articles |
|
|
Sending free samples to buyers - the great dilemma
In the world of export-import it is not easy to place an order with a supplier without doing a quality check of the its product. |
|
All you wanted to know about Value Added Tax (VAT)
In this age of globalisation, international trade has been expanding at an amazing pace. With this expansion, coincided the global spread of Value Added Tax (VAT). |
|
Industrial Training Institutes (ITIs) - the road to a better tomorrow
Do we ever give a thought to the issue that to have truly world class infrastructure we need people who are properly trained. As today's economy demand new skills and hence demand a formal, state of the art training infrastructure. |
|
|
| News Headlines |
|
|
|
| Reader's Feedback |
|
Dear Sir, |
Cutting production costs to compete internationally
One major factor in production is energy whether it is state electricity or by generator. In India we have not continuous power supply so we have to rely on generator sets which costs more than Rs 10 per unit which is more than double of the cost of state electricity. So if govt. wants growth of industry, it must to ensure quality electric supply at reasonable rates. Than we can think of giving competition to China and other countries as they are getting electric supply at a very low rate.
|
Pawan Garg |
|
|
| Our Success Stories |
|
|
 Being an active member of TradeIndia.com, it is doing an excellent job for all the member...
more>> |
Mr. Sanjay Tilala
For JAY KHODIYAR MACHINE TOOLS
India |
|
|
|
| Browse Online Catalogs |
|
|
|
|
