25 Big Textile Companies In India Lost 5 Billion 501 Million 200 Thousand Rupees.

In the first 9 months of 2008, 25 large textile companies in India lost 5 billion 501 million 200 thousand rupees, compared with a profit of 2 billion 945 million rupees in the same period in 2007, according to SPOswal, chairman of the CII textile Commission.

The decrease was 287%.

Speaking at the time, the world's major importing countries

For example, the United States, the European Union and Japan.

Exports have a negative impact.

For the first time, it dropped 3% in January 2008 to November.

On the other hand, the exports of Bangladesh and Vietnam to India in the same period increased significantly during the same period, while exports dropped by 3% during that period.

It shows that Bangladesh and Vietnam's textile exports to the United States are replacing India's textile exports.

Exports are expected to decrease by 10% from 22 billion US dollars in 2007-08 to 20 billion US dollars in 2008.

However, China's exports increased by 8%, from 171 billion US dollars in 2007 to 185 billion US dollars in 2008.

Pakistan has increased the R & D subsidy to 6%, while the interest rate of imported machinery financing for spinning enterprises is 3%.

All loans have been extended for two years to help the textile industry overcome.

The resulting flow is tense.

The export competitiveness of textile exporters has weakened.

The government raised interest rates partially, but still lower than the interest rate before September 2008.

These factors are far beyond the control capacity of the textile industry. Violent upheavals may last for two years.