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India's textile sector on recovery path: CITI

Friday, June 29, 2018, 6:55 PM

The country's textiles and apparel sector is showing signs of recovery owing to rupee depreciation, pick-up in domestic demand and progressive policies of the government, Confederation of Indian Textile Industry said today. CITI Chairman Sanjay Jain said the sector which saw a major hit due to demonetisation, implementation of GST, rupee appreciation and high domestic cotton prices, is finally showing some signs of recovery.

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