Fabric Companies in India must identify the right market and understand the vast export opportunity. This will make it easier for them to address specific demands overseas. An offline marketplace, such as DMI, or an online marketplace, like TEXchange, serves as the ideal platform to test the international waters hassle-free. It creates a perfect environment for fabric manufacturers in India to identify, understand, and export textiles to their niche market. This blog explains the role and importance of marketplaces in textile exports.
What is a Textile Marketplace?
A marketplace is an authorized and legal public group of buyers and sellers of various textile commodities meeting at a particular place, be it online or offline, at regular intervals to perform the basic functions of export, import, and exchange.
Export trading involves a B2B model (Business to Business) model. When it comes to exporting textiles, offline marketplaces provide fabric manufacturers in India an opportunity to gain insights into how products are marketed, sold and the costs involved.
At DMI, international buyers and sellers register with the intention of creating a dynamic textile economy. In fact, the DMI marketplace is the foundation of any product export.
DMI trading experts also offer exporting assistance to yarn and fiber companies and woven and knitted fabric manufacturers in India so that they can make informed decisions.
We trade natural fibers, specialty fibers such as Alpaca, Mohair, Cashmere, synthetic fibers, organic cotton yarn, spun yarn, cotton yarn, wool yarn, polyester yarn, mélange yarn, greige & dyed knits, woven fabric, and greasy and scoured wool. As an ISO 9001:2005 certified company, we have established a sizeable grip over our expertise products for decades, enabling us to reduce costs proactively, improve sales transparency, and increase ROI.
We have 60+ years of trading experience worldwide, and our six strategically placed offices help us provide the best export and import solutions to fabric companies in India. With the launch of our online marketplace in 2022, we focus on improving global textile trading.
The Emergence of Online Marketplaces
While traditional B2B export involves an offline marketplace, online platforms are slowly emerging to provide greater flexibility, security, and exposure to the transaction.
Textile companies in India can flourish if they have access to a wide consumer base, instantly and directly, which is possible only through online marketplaces.
Online marketplaces are safe and promote better customer-business relationships and global exposure in the shortest time.
An online marketplace like DMI’s TEXchange may initially seem unsafe and unreliable, particularly for businesses that are accustomed to the traditional B2B trading model. Still, the reduction in cost, readymade list of verified buyers, faster deal closure, process automation, real-time order tracking, and a centralized system should motivate enough to register online.
2023 is the year of digitalization, AI, and automation. If you want to see a change in your export business and enjoy growth, you must adapt to the changing weather of the textile industry and rely on marketplace experts.
Book an appointment with our trader to launch your business online.
