Home / Knowledge / News / Textiles / Textile sector to exceed growth target for this year
Textile sector to exceed growth target for this year
04
Feb '11
Backed by the stabilization in the domestic markets and expansion into new markets, the textile industry of Mauritius which sources the leading European chains is looking forward to achieve a growth rate of two percent this year.

The industry which constitutes 6.5 percent of the nation's gross domestic production and contributes 11 percent of the overall employment in the country, registered a meagre growth of 0.7 percent last year, all because of the global economic slump.

As the conventional domestic markets are stabilizing now after the slump and with expansion in the newer markets, the sector is expected to exceed the growth target of two percent set by the government for the current year. Also, the political instability and unrest prevailing in countries like Egypt and Tunisia is going to benefit Mauritius as the importers would be hunting for alternative sources for imports.

The Asian countries are now considering expansion in the markets other than those in the euro zone, so as to safeguard themselves from the disturbances in other parts of the world. However, the conditions are not as worse for the textile sector as they were during last year, but then there are chances of further increase in the prices of cotton and interest rates which may weaken the competitiveness of the sector.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

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

Igor Chapurin
Chapurin

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> 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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X