Good Times ahead for Home Textile Industry
Source: Fibre2fashion Date: 2007-07-30
In recent years, Chinese home textile industry has developed rapidly, growing up to 20 percent year-on-year. Market share in the overseas has also grown.
With financial assistance pouring in, it is expected that within next three years, home textile sector in China will become one of the biggest revenue earner for the country.
Observing this opportunity, many textile companies are developing this segment and now, around 3,800 big companies operate in this sector.
However, Chinese home textile industry is still going through many problems like the management level in many companies is still not up to the mark, technological upgradation is required in designing of products and most importantly, increasing investment may result in unhealthy competition among domestic manufacturers.
