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Related Keywords: and Telangana having textile policies, come out with a three year textile policy, Indian Texpreneurs Federation, Madhya Pradesh, Maharashtra, offering capital subsidies, price advantage, States having cotton, support textile industry. States such as Gujarat, textile investments are coming up in these States, urged Tamil Nadu State government

Indian Texpreneurs Federation urged Tamil Nadu State government to come out with a three year textile policy at the earliest to support the textile industry. States such as Gujarat, Maharashtra, Madhya Pradesh, and Telangana having textile policies, textile investments are coming up in these States.

The association members plan to meet the Chief Minister, ministers concerned, and the elected representatives and highlight the plight of the textile industry in the State and the need for a textile policy.

Related Keywords: Chinese economy, Chinese exports, competitive pressure, driven by higer export rebate, European market, eurozone exports, export of both textile and clothing, high value added exports, mitigated by euro deflation, nearly doubled, price advantage

The price advantages of Chinese exports to the European market have been mitigated by the euro deflation. The weak euro will also spur eurozone exports to other markets, adding competitive pressure to China's high value-added exports.

The pressure is on Chinese exports as the euro sinks against the yuan, said Ministry of Commerce spokesman Shen Danyang on Tuesday.

The yuan was up 10.8% against the euro until March 13, when the euro devalued 13.2% against the US dollar.