Textile industry expects bright future

Press Trust Of India / Erode (tamil Nadu) August 19, 2008, 12:37 IST


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, were 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 Rs 20,000 crore were exported from Tamil Nadu annually of which the share of the district was around Rs 500 crore.

He thanked the Centre for taking steps to control prices of yarn, which helped the textile industries