Wuxi textile players have opted for multi investment method
Source: CCPIT TEX Date: 2006-11-23
United we stand and divided we fall is the axiom adopted by Wuxi textile units as the industrial area has gained momentous success in overseas markets through joint ventures in recent years.
Instead of single investment, textile players have opted for multi investment method, wherein units jointly invest in overseas markets.
For instance, Taihu International Industry Area set up in Cambodia by Guangming Group Yiduo Group and Huatai Group has emerged as strong platform for Chinese textile and clothing units to step into international markets.
Local textile units focus to set up sales net in overseas, while exporting products to overseas. Moreover, they considerably endorse their own brands in overseas markets, while they produce for foreign brands.
