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Textile & apparel industry anticipate double-digit growth

10
Jun '10
According to the International Trade and Industry Minister Datuk Seri Mustapa Mohamed, it is believed that the textile and apparel sector, along the lines of international financial recuperation, eyes double-digit growth, this year.

The buoyancy was rooted in the rising confidence of retailers to pile up the stocks while eyeing elevated consumption, he said.

While speaking to the press subsequent to his Ministry's annual meet with Textiles and Apparel Industry Associations presided by him, he said that, trailing behind the previous year's exports, current year would render positive results.

The Minister said that, his ministry was preparing to work out a guiding plan for the industry to see that it retains its competitive edge and attracts more investments.

Also, he further mentioned that, over the next few weeks, his ministry will be carrying out dialogues with the industry players to work out the latest report of the industry that has undergone several changes over last four years duration.

Fibre2Fashion News Desk - India


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