Printing, Textile And Clothing Industry Still Has A Bright Future

　　 recession For all the world Economics The impact is quite obvious. Countries with rapid economic development in the past few years are now suffering Global Finance Severe damage during the downturn.

Now Indian exporters' woes seem endless. Last year, they lost a lot when the rupee appreciated. Now, export orders in many markets are decreasing, and their hopes are dashed again.

In an exclusive interview with the Indian media Fibre2fashion, Mr. Nikhil Sen, head of India's strategic and international trade institutions, 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 demand in the US and European markets.

????? textile industry As exports declined and inventory costs increased, revenue also declined. In the future, this sluggish It will also reduce consumer consumption and expand the price problem in the global market.

How to deal with this situation?

He said that if several measures were taken, they would have obvious effects on the textile industry.

First, the government should take measures to stabilize the situation. Concentrate on the development of the domestic market, as well as scattered unorganized enterprises. The government should reduce the interest on export loans and provide subsidies for export business.

Mr Sen said, Textile clothing The long-term prospects for industry are very bright. India's textile industry plays an important role in India's total economic income, which is a solid diversified industry. spin The importance of industry also lies in its contribution to the production and employment rate of industrial products.

At present, textile industry The employment opportunities created are second only to agriculture, with more than 30 million employees.