Philippine textile industry on the rise with the help of PTRI new technology

Related Keywords: different business plan, dyeing, fully integrated textile mill, knitting, mills renovated, natural fiber, niche market, Philippine textile industry, produced and exported garments, PTRI new technology, spinning, under quota system, weaving

Philippine
Philippine textile industry on the rise with the help of PTRI new technology
Summary: 
Philippine textile industry at its peak had huge, fully integrated textile mills that did everything –spinning, weaving, knitting, dyeing. It produced and exported garments under a system that used quotas. But problems came into the textile industry with the advent of cheap textile imports, the abuse of the quota system (entities with no mills had quotas allowing them to bring in raw materials, real mills had none) and with low prices combined with high wages, there was a general shutdown.

Philippine textile industry at its peak had huge, fully integrated textile mills that did everything –spinning, weaving, knitting, dyeing. It produced and exported garments under a system that used quotas. But problems came into the textile industry with the advent of cheap textile imports, the abuse of the quota system (entities with no mills had quotas allowing them to bring in raw materials, real mills had none) and with low prices combined with high wages, there was a general shutdown.

http://www.manilatimes.net/philippine-textile-industry-on-the-rise/168985/
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