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| YarnsandFibers/Nitin Madkaikar Press Release |
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05 FEB |
Invigorate Incentives And Reduce Duties To Pave Way For US$40 Billion Export Target |
| The Indian textile industry which currently contributes 4% to India’s GDP is poised to attain a size of US$85 billion by 2010 from US$37 billion now, implying a growth rate of 18% per annum. This would comprise US$45 billion of domestic market and US$40 billion of exports. This momentous growth would generate over 12 million new jobs with direct employment opportunities of 5 million jobs and 7 million jobs in the allied ... |
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20 SEP |
Textile Companies Integrating The Value Chain |
| Textile companies are increasing looking at backward and forward integration businesses, which will lead to value added products and higher returns. Like, spinning units are foraying into weaving and garmenting, as forward integration while fabric producers are entering spinning segment (backward integration) to ensure quality supply of yarn and garment manufacturing as forward integration. The YarnsandFibers’ sixth consecutive quarterly survey on Business Confidence of Indian textile industry reveals a discernable approach in investment ... |
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