Home / Knowledge / News / Textiles / State looks for ways to help textile industry survive
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

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search