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Indian textile sector to see recovery in 2010

The Indian textile industry, which was hit hard by the global economic recession, is all set to witness a recovery in 2010, barring cotton textile exporters who may face another challenging year, global rating agency Fitch said last week.

"There are clear signs pointing towards a recovery in India’s textile industry in 2010… The recovery will be supported by a pick-up in export demand, government stimulus, improved liquidity, and a stable-to-growing domestic demand for textile products," Fitch said in its report.