Blog: Garment exporters relish spending uptick
Joe Ayling | 2 December 2009
An uptick in consumer demand in Europe and the US appears to have filtered through to the order books of at least some manufacturers.
A report in India's The Economic Times says that exporter Orient Craft is opening a new garment plant in response, creating 3,000 jobs in Rajasthan in the process.
According to the newspaper report Orient Craft's order-book has grown 15-20% in the past few months, as spending picks up in time for the holiday season.
Other Indian manufacturers, including Gokaldas, Classic Polo and Alok Industries, paint a similar picture as the cogs of global economic recovery begin to turn, it says.
The restoration of jobs in India - one of the world's leading emerging markets - will boost domestic spending too, signalling that the BRIC nations could be back onto their feet first.
By Joe Ayling, news editor.
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