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Textile industry expects bright future

Textile industry expects bright future
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First Published: Tue, Aug 19 2008. 12 36 PM IST
Updated: Tue, Aug 19 2008. 12 36 PM IST
By PTI
Erode, Tamil Nadu: Textile and garment manufacturers and exporters in the district were expecting a bright future in the days to come as more international buyers were turning their attention to Indian markers following hike in prices of textile and garmernts in China, which had the largest share in the export market.
Buyers from various countries, including US and European countries, have now started placing fresh orders with the textile garment exporters here, Erode Textile Garment Exporters Association Secretary S Sivanandhan told PTI here.
He said it was reported that production and export of garments from China have started declining, due to various reasons including price hike of raw materials and increase in production cost.
Garments worth about Rs20,000 crore were exported from Tamil Nadu annually of which the share of the district was around Rs500 crore.
He thanked the Centre for taking steps to control prices of yarn, which helped the textile industries.
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First Published: Tue, Aug 19 2008. 12 36 PM IST