Tell about Textiles Companies ?

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For the quarter ended September 2018, SANGAM INDIA has posted a net profit of Rs 97 m (up 2214.3% YoY). Sales on the other hand came in at Rs 5 bn (up 26.9% YoY). Read on for a complete analysis of SANGAM INDIA's quarterly results.

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A textile business is included with the business of designing, producing and distributing yarn, cloth etc.

It can be one of the most active business these days, but some time is required to grow to the height.

Starting an ethnic wear textile business can be a great idea, as India is well known for ethnic wear and people outside India also love to wear ethnic attractive clothes.

Starting a textile business for ethnic wear means you need to have enough knowledge about the material of cloth and even its designing.

Textile business is segregated into two types, one which includes every single fabric for sale and another one when a shop has very less amount of fabrics available within it for selling

So first you need to decide which type of business you are planning to start.

As well as you should be aware of the fabric types which will be sold by you.

Before initiating any business the most important thing is to know about the market and market strategies.

It is a good idea to take opinion from someone who is experienced in this business.

You should take some idea about the business and know few things which are mentioned below:

First, most important thing is to know about the products and what all products you are going to sell to the customers.

For this, you need to know the product demand, which means what all products are in demand in the surrounding, try to keep those things which are in demand.

Try to focus on the most required products. Demand may not be same everywhere so you should carry out an area-wise survey to determine it.

Learn from the competition as well, what they are good at.

Try to make sure that there are no such shops in the locality which you have chosen for the business.

if there is any availability of such shop try to overcome with the things which you are good in.

Pricing will be different for every product, it may also differ as per the product quality and quantity.

Make sure all your wages, manpower, material charge etc are included in the pricing of a particular product.

During the inception of any business, you need to know every single thing about it. Start doing research for the market and the customers

What do they desire for? Are you capable to provide the necessary things?