NEWS: Slump in Chinese textile market brightens prospects.

from BUSINESS LINE, August 17, 2008for India Chennai, Aug. 16 - After a tough phase, there seems to be signs of hope for the rupee-scarred Indian textile industry. This time, it is the slump in Chinese textiles that has brought some reason to cheer. Besides, neighbouring competing countries are also facing problems, brightening the prospects for Indian textiles.

Mr P. Sundar Rajan, Managing Director, SP Apparels, says: "In India's case, this is true for the next two decades at least. Western buyers are now seriously looking at India. We have been getting enquiries from hitherto unexplored markets such as Hong Kong, Singapore and African nations." SP Apparels is the …