A recent visit by a delegation from the Chinese Council for Textiles and Readymade Garments to Cairo has sparked discussions about the establishment of an integrated textile city in Egypt. The delegation expressed keen interest in the project during a meeting with Hossam Heiba, the chief executive officer of Egypt's General Authority for Investment and Free Zones (GAFI).
The latest Retail Business Survey conducted by the Retailers Association of India (RAI) reveals a promising 8 percent increase in Indian retail sales in March 2024 compared to the same month last year. This surge in sales signals a robust recovery in the retail sector, particularly driven by strong discretionary spending on apparels and sporting goods.
India's business environment is exhibiting promising signs of growth, as revealed by the latest Dun & Bradstreet Composite Business Optimism Index for the second quarter (Q2) of 2024, standing at 75.9. This marks a notable 4.2 per cent increase from the first quarter, signaling a strengthening economic outlook for the nation.
Pakistan's textile industry has long been a cornerstone of its economy, and recent figures released by the Pakistan Bureau of Statistics (PBS) underscore its continued significance. During the first nine months of the current financial year (2023-24), textile exports brought in a substantial $12.44 billion for the nation. Despite a marginal decline of 0.25 percent compared to the same period last year, the sector remains a vital contributor to Pakistan's export revenue.
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