Orders Flow but profits drowns

Textile Industry, which was reeling under pressure under recession when European and American buyers strip their budgets down is now flooded with order. But now, the Indian Rupee is appreciating which is a worry for textile exporters. Further, there is intense competition from neibhours Pakistan and Bangladesh who are selling 25% cheaper. So our value of exports has come down 10% due to lower prices. However, compared to recession this much better with hopes when new rates are negotiated. Most of textile exporter Arvind Mills, Gokaldas, House of Pearls have all reported a growth in order book

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