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

Pic: Shutterstock

Textiles | On 28th Mar 2020

Worldwide lockdowns, stimulus shots, raised PPE production

The global response this week to the unfolding COVID-19 crisis saw...

Pic: Shutterstock

Apparel/Garments | On 28th Mar 2020

Vietnam may outdo Bangladesh as 2nd largest RMG exporter

Though Bangladesh is now the second-largest garment exporter...

Pic: Shutterstock

Textiles | On 28th Mar 2020

Morgan Stanley rules out economic depression

With COVID-19 badly damaging the global economy, Morgan Stanley...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Representatives, Textile & apparel industry

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Saad Khaled Bari,

Saad Khaled Bari

Benetex Industries is a public ltd company established in year 1992 to...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


March 2020

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


Advanced Search