Global uncertainties cause trepidations in India's textile industry

摘要

Like their counterparts in other countries, India's textile and garment exporters are nervously watching the ongoing Euro debt crisis. Europe, India's second largest market after the US, has added to the woes of India's textile and apparel exporters who already faced difficulties selling their products to the US. Indeed, Frankfurt's recent Heimtextil show, which attracted over 350 Indian exhibitors, became a platform for some Indian exhibitors to vent their worries over the situation in Europe. "We are deeply concerned with the situation both in the US and Europe. Our company, in fact, sells more to Europe than the United States," Deepak Shah, a senior executive of a Mumbai-based textile company told ATA Journal.