A Study on the Strategies to Be Adopted By Garment Exporters to Manage Business Crisis in Tirupur

Dr.S.Saravanan; S.Mohanraj; K.Bagyalakshmi

Volume : IV, Issue : VIII, August - 2014

A Study on the Strategies to Be Adopted By Garment Exporters to Manage Business Crisis in Tirupur

Dr. S. Saravanan, S. Mohanraj, K. Bagyalakshmi

Abstract :

Garments sector is the most important and one of the largest manufacturing sector in the country and also it played a major role in exporting the products. But now the economic conditions of our country, the Garments industries were highly affected. Not only economic conditions, various problems are there which may affect the growth of the Garments sector. Few of the problems are Manual handling, Inflation, Government Regulations, Lack of innovation, Lack of Government support, Heavy Taxes and Duties, Often increasing yarn price, petrol and diesel prices, and electricity charges, Suddenly Closing of dyeing units, Often irregular electricity supply, high cost of latest technology machines, Labour Turnovers, Much procedure for getting Credit Facilities.