Friday, May 6, 2011

Spanish textile and garment industry financial crisis

The Spanish textile and garment industry, which has been affected by the financial crisis, is facing a serious problem, predominantly in terms of production. People purchase very few garments and their demand is also low. The Regional government plans to boost up the cluster of textile and garment units, reorganize the sector both financially as well as structurally, invest capital, generate employment opportunities and set up combined business action plans to increase sales.

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