Released on = March 30, 2007, 2:28 am

Press Release Author = Shushmul Maheshwari

Industry = Retail

Press Release Summary = Retail boom is likely to give an impetus to the
decentralized Indian textile industry. This will reduce the production costs and let
the players to remain in the market.

Press Release Body = The largest man-made textile industry of India, Surat, is
poised to see a retail boom. The textile industry of Surat contributes 65% of the
country's total man-made textile production and is projected to register a growth of
15-20% in synthetic fabrics' demand.

The Chairman of Federation of Indian Art Silk Wearing Industry (FIASWI), Arun
Jariwala, said in a statement reported on February 5, 2007, by The Economics Times,
that the retail boom would create demand for polyester fabrics.

Many industrialists opine that demand of polyester textiles is likely to grow as
cotton fabrics are dearer by 40%. "Fabrics and garments will have a major
concentration in the retail mall structure. Since polyester fabrics are cheaper than
cotton fabrics, the demand for polyester is likely to grow", stated Alok Shah,
Director, Garden Silk Mills, in statement reported by The Economics Times on
February 5, 2007.

The prospering retail industry is believed to be a light of hope for the
decentralized Indian textile industry that shouldered losses worth crores of Rupees
in the floods in 2006.

Mr. Jariwala said, "The industry has suffered huge losses due to the floods and now
the time has come to cash in on the booming retail market". This will provide a
thrust to the decentralized textile industry as more businesses will upgrade their
manufacturing units, thereby reducing their production costs to significant levels
to remain in the competition.

According to "India Retail Sector Analysis (2006-2007)", a report by RNCOS, Indian
retail industry has witnessed a significant growth in the past five years. Apparel
category is among the fastest growing sectors in the retail industry. This category
garnered revenues of approx US$ 22.8 Billion in 2005 in India and is expected to
rise at a potential volume of US$ 44.6 Billion by 2010 at a CAGR of 14.3%.

The market research report provides a thorough analysis on the Indian retail
industry with distinguished focus in unorganized and organized sectors. A detailed
statistical account on supermarkets, specialty stores, and other retail formats has
been given. The product-wise segmentation of the retail industry alongwith retail
scenario in rural India has been discussed in detail. The other highlight of the
report is the industry analysis that covers consumer behavior, growth drivers,
challenges, opportunities and M&As in the industry.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

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