Textile

The textile industry in India is at the forefront worldwide. The industry is largely dependent on exports. About 27% of the foreign exchange in India is through textiles. It is thought to be around a US$ 52 billion industry and is estimated to reach US$ 115 billion by 2012. The domestic and international markets are on their way upward. In fact, India's exports worldwide are projected to rise to 7% from the existing 4% during this time period....
Reliance Industries Limited (RIL) Chairman, Mukesh Amabani Friday announced the company intends to invest US$9 billion to enable it expand its polyester and petrochemicals business. According to him, RIL has a five year investment plan that would see its total investment in all new polyester and petrochemical manufacturing facilities become the largest investment in the sector. He further said the investments would be carried out anywhere in the...
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