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Article: INDIAN WOOL INDUSTRY TO FACE STIFF COMPETITION FROM CHINA.
- Article from:
- AsiaPulse News
- Article date:
- August 3, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW DELHI, Aug 3 Asia Pulse - India will face stiff competition from China in the wool sector after its entry into the WTO.
The move is expected to bring the Chinese wool sector much needed foreign investment in the sector.
"Because China's wool textiles are very strong, the entry of China into the WTO will improve the investment atmosphere and attract more foreign investment. This will help the whole textile industry of China, including the wool sector," regional director of Woolmark S.K. Chaudhari said.
According to Chaudhari, the main problems currently plauging the Chinese wool textile industry are the absence of superior technical and ...