ASIAN textiles, once considered a fading industry, are now showing strong growth prospects mainly due to demand from expanding middle classes, according to a recent AFP news agency report from Singapore.
Development of 'latest technology' in this regard is also attributed for the growing success of the Asian textiles sector. Known in the past as back-alley shops churning out cheap material, many Asian firms are shedding their sweatshop image as they move to compete in the global market.
Stricter environmental standards required by Western countries are also prompting consolidation and innovation in the industry, according to one of the world's top suppliers of textile dyes and chemicals.
