NEWS: 'Textiles sector to take major hit'.

from BUSINESS LINE, October 27, 2008 Ahmedabad, Oct 26 - The Union Textiles Minister, Mr Shankersinh Vaghela, on Sunday said the unfolding global economic downturn is likely to impact the Indian textile exports in a "big way" whose quantum is yet to be estimated.

"We are still analysing the situation and its likely impact," he told at a news conference here. In 2007-08, the Indian textile and clothing exports had increased 12.10 per cent in dollar terms, to reach …