Home / Knowledge / News / Textiles / Olympic clamps down growth of textile industry
Olympic clamps down growth of textile industry
29
Jul '08
Although Beijing is basking in the glory of celebrating Olympics 2008, many of the companies are paying heavy prices for this ceremony.

Most of industries in China are going from strength to strength for the past few years, but loosing out on environment.

Beijing is considered as the one of the most polluted cities in the world. The city wears a veil with thick smog; thanks to nearby factories belching out pollution. As the country prepares itself for summer Olympics, organizers are paying heed, to the fullest, to clear the pollution over the Beijing sky.

In order to combat the constant pollution, the authorities have ordered a temporary shut down of some of the factories.

Factories in six surrounding provinces and municipalities across northern China have already shut down for a few months in order to clean up Beijing's environment for the Olympics scheduled to open on August 6. Authorities have spent around 140 billion yuan to curb the pollution.

Petrochemical groups operating in the region were asked to cut their production for reducing emission. Most importantly those factories who failed to meet the emission standard, were asked to shut down their operations.

Experts predict that due to such steps, on one hand, businesses will suffer; the economy will also not be spared. The textile industry which is considered to be a major contributor in the pollution is going through a miserable state.

Already the industry is facing difficulties due to rising input cost, and now order of production cut is taking its toll on the textile sector. This situation is affecting the far off countries that depend on imports from China.

Most of the neighbouring nations count on the low priced imported raw materials from China. With most chemical and dye factories closing down for Olympics, importers are facing a serious shortage in supply, and this situation is leading to price hike, which in turn is affecting their profits margins.

So, a doubt arises, will this suppression of production slow down the economy?

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X