• Buy Leads
  • Sell Leads
  • Business Directory
  • Service Directory
    images/artcile/1512.jpg
    News & Update

    US recession may throw wet blanket on near-term prospects of textile sector



    Admin
    Jun 01, 2023

    '

    The beleaguered textile sector in Pakistan is grasping at straws seeking policy supports from the prime minister. The move has got experts hot and bothered about the scenario in India as well.

    In its submission to the prime minister, the Pakistan Textile Mills Association has stated that international demand has weakened with the clouds of a worldwide recession looming close and, without price competitiveness, it is not possible for the industry to retain its market share.

    The reduced purchasing power in key export markets, like the US, due to recession is expected to weigh on the order book of Indian exporters too, and could, in turn, hamper the near-term earnings for Indian textile companies.

    Discalimer: this information has been collected through secondary research and posted by third party therefor textilemarket. In is not responsible for any errors in the same.    

    '
     


    0
    0

    Note:Please you do not comment or delete


    Textile Mobile App

    "Looking for any textile products or services?" Get The App!

    • Find your textile needs
    • Easy to contact suppliers
    • Upload your products in Marketplace
    • Manage your business on Textilemarket.in
    MobileApp

    Registered Members 8056

    Copyrights © .  All rights reserved by textilemarket.in Powered by

    Total Visitors 2649780