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State looks for ways to help textile industry survive
03
Jun '10
In order to hunt for alternative ways to bring in more raw materials into the country's textile industry, La Compania Industrial de Parras, which owns Fabrica La Estrella, and the State Government have come together for discussions, informed Evaristo Madero Marcos

Due to illegal imports and unfair competition, 800,000 jobs are under threat of being laid off and hence, purchase of resources for the textile industry becomes an important issue of discussion.

José Antonio Rivero, Mayor of Parrense, informed that, La Compania Industrial de Parras was the biggest company in this region, for having generated 200,000 jobs and the director of this firm, Rivero Larrea, was currently in direct negotiations with the Governor, Humberto Moreira, seeking out ways of bringing in raw materials for the industry.

According to company insiders, the Governor is likely to lend a helping hand to La Compania Industrial de Parras as it is the life source of Parras providing livelihood to thousands of people.

In addition, earlier, Larrea had mentioned about, the need for financial grants for the textile industry to survive.

Since there are no funds for the industry, the governor could possibly provide the textile industry with power benefits, support cotton cultivation or give away stimulus packages for the industry, which could help the industry become more competitive in the global market.

Mayor concluded by saying that, the Governor was interested in saving Parras and was hunting for ways to helping the industry survive and then turn prosperous. Measures are already being taken to avoid adverse effects on the textile industry.

Fibre2Fashion News Desk - India

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