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Marked growth for UK textiles
The value of UK clothing and textile production increased by 2.5 per cent to £9.1bn between 2014 and 2016, but new investment could offer even greater potential as Brexit looms, interim findings of the Textiles Growth Programme has found.
BREXIT Hopes Amid Gloom
Britain’s decision to exit from the European Union is likely to heighten the uncertainty in garments and other sectors in India. Karthik Muthuveeran analyses its impact on textiles. The Brexit impact is not only limited to Britain, but also European countries. London has always acted as a financial hub, which gives access to capital markets of the world to Europe. But with Brexit, European Union will end up having a limited access to capital markets. In all likelihood, access to this market will form a key part of trade negotiations. There are as many pros as cons in Britain exiting the Europe.
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