Ray of hope for Indian textile industry
Coimbatore, July 2, 2008 : The Indian textile industry is regaining its confidence. The industry is all set to capture the international market as China bears the brunt of recession.
China
is
the
international
leader
in
textile
business.
Reportedly,
the
Indian
textile
production
has
increased
considerably
in
the
past
two
months,
as
the
industry
in
China
is
severely
hit
due
to
recession.
This
is
causing
rise
in
labour
charges,
price
of
yarn,
fabrics
and
garments
there.
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Story first published: Wednesday, July 2, 2008, 18:02 [IST]