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Silver lining in US economy cheers Indian exporters
25
Dec '09
While workers in Bhilwara and Tirupur, were left to fend for themselves for a good part of the year, as textile units downed shutters in the face of shrinking orders from key Western markets, 3,000 workers in Rajastan are waiting for the opening of a new garment facility, owned by one of India's biggest exporters, Orient Craft.

The CMD Sudhir Dhingra says “the new Bhilwara plant was necessitated by the surging demand from the US and Europe, and will produce 250,000 units a year. The company's order book has grown 15-20% in the past few months. The coming year will keep us busy” he says.

With the global economy showing signs of recovery, consumer spending in the US firmed up in the third quarter ending September; retail sales in the country grew up. With economists predicting a escalation in the coming year.

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Fibre2fashion News Desk - India


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