"This Thanksgiving, learn from Turkey 24 Nov, 2007, 0503 hrs IST,Irshad Daftari, TNN
In the first half of the year, when things were just about getting out of hand for the Indian textile industry, the players were in for a surprise. In the fashion segment, one of India’s strengths, the domestic manufacturers were facing severe competition from Turkey, an unlikely competitor. The labour cost in Turkey was more than 10 times that in India, but for the first half of the year Turkey’s exports to the European Union grew by almost 8% in comparison to India’s exports which grew only by 0.2%. "
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