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The Textile sector's fortunes have turned around and stocks of several textiles companies have been the markets favorites in the last one year. Textile companies have tapped the entire value chain, from manufacturing yarn, fabric and garments, to retailing, The sector has seen significant restructuring in the last few years, on both financial and operational fronts, and seems poised for significant growth once the Multi-Fibre agreement is phased out from January 2005. Indian textiles companies have started gearing up for the new operating environment by adding capacities, improving quality and integrating their operations, and are all set to weave a happy tale for investors.
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