The Prospects For Printing And Dyeing Industry Are Still Good.
Recession All the world Economics The impact is quite obvious. Countries with high economic development in the past few years are now being affected. Global finance Serious damage during the downturn.
Now the sadness of India exporters seems endless. Last year, the loss of the rupee was huge, and now many export orders were reduced, and their hopes were once again destroyed.
In the exclusive interview with India media Fibre2fashion, Mr Nikhil Sen, head of India strategy and international trade organization, said that in the global market structure, U.S.A It has always been the driving force of the textile industry. Therefore, the downturn in the US market has led to a reduction in market demand in the US and Europe.
textile industry As exports declined and inventory costs increased, so did revenues. In the future, this Sluggish It will also reduce consumer spending and expand the price of the global market.
How to deal with this situation?
He said that if several measures were taken, the textile industry could have a significant effect.
First of all, the government should take measures to stabilize the situation. Focus on the development of the domestic market, as well as scattered and unorganized enterprises. The government should reduce the interest on export loans and provide subsidies for export businesses.
Mr Sen said, Textile and clothing The long-term prospects for industry are very bright. India's textile industry plays an important role in the total economic income of India. The textile industry is a solid and diversified industry. Spin The importance of industry lies in its contribution to the production and employment rate of industrial products.
At present, textile industry Job creation is second only to agriculture and employs more than 30 million.
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