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The cost of textile and fabrics could go up by 10-15% this Diwali due to the manifold rise in production cost, according to textile associations.

The cost of textile and fabrics could go up by 10-15% this Diwali due to the manifold rise in production cost, according to textile associations.

The cost of textile and fabrics could go up by 10-15% this Diwali due to the manifold rise in production cost, according to textile associations.

The cost of textile and fabrics could go up by 10-15% this Diwali due to the manifold rise in production cost, according to textile associations.

For Italian textile machinery manufacturers, the first quarter of 2016 has opened with a recovery in orders on the domestic side. In foreign markets, orders have instead dropped off slightly. Raffaella Carabelli, President of ACIMIT, said: “The recovery on the domestic market compared to the minimum recorded a year ago is highly encouraging. Abroad, only a few markets have performed well.”