The home textile industry, once a cornerstone of global exports, experienced a downturn for over a year. However, there are promising signs of revival, with three South Asian countries – India, Pakistan, and Bangladesh – emerging as contenders for dominance in this resurgent market.
A recent visit by a delegation from the Chinese Council for Textiles and Readymade Garments to Cairo has sparked discussions about the establishment of an integrated textile city in Egypt. The delegation expressed keen interest in the project during a meeting with Hossam Heiba, the chief executive officer of Egypt's General Authority for Investment and Free Zones (GAFI).
The latest Retail Business Survey conducted by the Retailers Association of India (RAI) reveals a promising 8 percent increase in Indian retail sales in March 2024 compared to the same month last year. This surge in sales signals a robust recovery in the retail sector, particularly driven by strong discretionary spending on apparels and sporting goods.
India's business environment is exhibiting promising signs of growth, as revealed by the latest Dun & Bradstreet Composite Business Optimism Index for the second quarter (Q2) of 2024, standing at 75.9. This marks a notable 4.2 per cent increase from the first quarter, signaling a strengthening economic outlook for the nation.
Page 11 of 24
