“We are getting good orders for our fabric. This rise in US dollar price a little bit is also motivating us to do the business in a healthy way,” said Ranganathan. Since 1990, China has been a major global player in textiles. The Chinese textile manufacturers have also globally captured majority of Indian textile business. .With direct and indirect support of Chinese Government to the textile industry”We need to maintain and manufacture high quality products. We have timely deliveries because India is recognized as major player in international textile market. So, if we maintain our competitiveness, we’ll be able to regain some markets, we have lost to China,” said K V Srinivasan, Chairman, South India Mills Association. With the present slump in Chinese industry, various textile manufacturers have shutdown or have moved out of china, mainly due to rise in raw material costs, higher wages and also rise of Yuan against the US dollar. .The Yuan has been appreciati9ng in value since the second half of 2007 and has recently crossed seven to the US dollar, further shrinking the pay envelopes of the Chinese exporters. Source: EconomicTimes/IndiaTimes.com