India Textile Industry Is Expected To Return To Orbit In 2001

Economic recession is a phrase most economists hate, but it has already appeared and affects the lives of billions of people around the world. At the same time, it also disrupts the plans and expectations of many companies in the textile and garment industry.

The US subprime mortgage crisis has led to financial avalanche, which eventually subverted the developed and developing economies, and the less developed countries suffered more. Because they are eager to improve their status, they have been pursuing rapid development in recent years.

Bhilwara, executive director of India Nitin yarn making company, said that his company received ISO 90012000, an export agency recognized by the government of India, which produces 100% cotton yarn and cotton cloth.

The company adheres to stringent global quality standards and has seen significant growth in the past 10 years.

Since the completion of the construction of the spinning mill, the company has been among the largest cotton and cotton producers in India.

He said that the global recession has seriously impacted the international and domestic textile markets.

The decrease in textile industry demand led to export decline, sales price pressure, profit pressure, and reduction of production led to enterprises cutting workers.

In order to cope with the economic crisis, his company compressed production costs from all aspects, maintained the competitiveness of the company's products, maintained the continuity of quality, and reduced inventory and quantity.

He said that the future of the textile industry is bright, because textiles are people's basic necessities.

Once the global economy stabilizes, the textile industry will increase again.

He expects the textile industry to return to normal orbit in 2010.