Bottlenecks faced by Indian and Southeast Asian garment makers include fluctuating currency rates, multiple taxes at various stages of billing cycles, poor support by councils and governments, rise in operative costs, slowdown in global markets and political unrest, according to Chetan Mathur, managing partner of Medusa Source, a supply chain management firm.
The New Delhi-based company offers product sourcing solutions to brands, retailers, labels and wholesalers worldwide. However, events like Brexit and US-China trade war are certainly going to benefit India compared to its peers like China and Turkey, the other managing partner Sonal Jindal said. With rising costs due to depreciating currencies in similar countries, Indian manufacturers will be able to offer more competitive prices to meet the global demand, she added.
