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 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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

Active Poll

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

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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