Сохраненная страница Ludhiana textile cluster makes strategic shifts to beat downturn | International textile (11 Kb)

After suffering for almost a year on account of labour shortages and plunging overseas and domestic sales the Ludhiana textile cluster has decided to fight the recessionary demons through both strategic and tactical responses Textile units are rewriting governing practices to cope with the adverse effects of the slowdown According to the findings of a recently conducted study MSME textile clusters in Ludhiana are reviewing their business strategies to find viable solutions to their existing problems which largely arose due to the recession The study was commissioned by the International Labour Organisation ILO and conducted by the Federation of Indian Micro Small and Medium Enterprises FISME in association with Market Insight Consultants Finding a way out The MSME Ludhiana textile cluster is now making strategic shifts in their focus and turning to the domestic market for better returns and healthy offtake in the current financial year Besides textile firms with diversified businesses have