Weaving A Boom

Meredith, Robyn
November 2005
Forbes Asia;11/14/2005, Vol. 1 Issue 7, p38
The article focuses on the development of India's textile business since the removal of global quotas. In 2004, the Indian government finally cut duties on imported textile machinery. In a further effort to boost the industry's competitiveness, the government announced plans to spend $150 million creating 25 textile parks by 2008. India's textile exports jumped 28% during the first quarter of 2006, while its exports of ready-made garments fell 24%.


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