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| Topic: |
Technology
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| Number of pages / Number of words: |
41 / 11298 |
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But all that changed from January 1, 2005. Quota-based restrictions for textile exports to the United States and European nations were lifted on January 1. The Indian textile industry now has the opportunity to realize its full potential and the sector is already eyeing an export target of $50 billion by 2010...
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Indian manufacturers and exporters now have to compete with the global players and also face emerging tariff and non-tariff barriers. Yet with its speed of operation, skill, quality of products and low-cost labour, the industry is gearing up to reap rich rewards in the new era.
For the past two years, the market has been in a recession...
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