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India - rising costs in china sees local textile sector pick up

India - rising costs in china sees local textile sector pick up Source:
Date: 28-01-2013
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The textile industry is expected to employ an additional 1,000 workers this year, business picking up in textile factories lately. Their order books are now full, as opposed to a few months back where the factories were on the verge of laying off some of their staff, a sources monitoring the industry said.
One example is the New Island Clothing of CIEL Textile Group which has to recruit around an additional 300 workers. About 70 foreigners have already been recruited (40 from Madagascar and 30 from Bangladesh) so far.
Rising production cost in China has seen a shift in part of the business back to Mauritius.
Mauritius Export Association (MEXA) assistant director Lilowtee Rajmun told The Independent that MEXA expects 2013 to be better, in accordance with projections of economists and the stabilisation of the euro/US dollar exchange rate. "Employment is expected to increase, even though demand will not be for a huge number of workers. Europe remains our main textile market even though the industry has well diversified into overseas markets including Africa,” she said.
The woven cluster of the CIEL Textile group wants to position itself on the Indian and Bangladeshi markets because its European and American clients are looking for new suppliers in the Asian regions due to cost cuts.
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