By  on January 27, 2009

BANGALORE, India — The Indian government and the central bank unveiled a second economic stimulus package earlier this month, but executives said it’s unlikely to help the beleaguered textile industry.


“The government’s second stimulus package is totally disappointing for the textile and clothing industry,” said R.K. Dalmia, chairman of the Confederation of Indian Textile Industry. “The global economic crisis has eroded demand for textile products.”

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