Madagascar Textile Industry Is Facing New Opportunities
Madagascar News reported on October 28th that SalimIsmail, President of Socota, a leading textile enterprise in Malaysia, recently said that it had the opportunity to become a suitable foothold for the global textile industry to explore. At present, the rising cost of production in China and Asian markets has provided opportunities for the Malaysia textile industry.
The company is an export oriented enterprise. Since 2016, it has become a supplier of three major textile products distributors in the world. The group has been active in the US market in recent years and has become a partner of many US brands.
To maintain a firm foothold in the international market, the Malaysia textile industry still faces many challenges. Ismail suggests that the current priority is to attract investors who can create jobs. To this end, the government and the private sector should work together to anticipate the problems that Malaysia may encounter.
At present, the Malaysian government and enterprises have started the relevant exchange mechanism, and the leaders of the company will hold talks with government officials this week to discuss the difficulties faced by enterprises.
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