India’s Raymond plans to produce traditional Arabic robe fabric
Indian textile manufacturer Raymond plans to produce traditional Arabian robesfabrics, aiming at the future 2- Increase the company’s market share in the Gulf region in 3 years.
Gautam Singhania, managing director of Raymond Group, said that the company is consolidating its position in the Gulf Cooperation Council (GCC) and will produce traditional Arabic fabrics.
When visiting the GCC, he said: “We have discussed this possibility with partners in the region, and our factories have the ability to produce this fabric. This fabric It will meet the demand for men’s traditional clothing in the region.”
Singhania said that the company’s business in the Gulf region will continue to grow at a growth rate of 15%, and the Middle East is an important area for the company’s international business.
This region accounts for 37% of the company’s international business. The economic recession has hit the company’s export business, but the company remains optimistic about the development of the GCC market, which will make up for the reduced demand in the West.
Ram Bhatnagar, Raymond’s vice president of international sales, said that the group has 24 sales outlets in the Middle East and the company plans to increase sales to 50 outlets in the next 2-3 years. It is planned to increase the number of smaller sales exports to 200 by 2012.
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