Month: August 2020

Industries in Surat, Mumbai, Ludhiana, Delhi and Tirupur are experiencing tremendous growth as the technology has shown great potential for enhancing the quality as well as in keeping pace with the demands of textile printing.

Bhiwandi has approximately 6.5 lakh power looms, which is 33 per cent of country’s total power looms. Out of 6.5 lakh, about 15-20,000 looms are automatic and mostly China made rapier, writes B Basu.

Crisil report says that the pain will radiate as India Inc heads towards approximately 15 per cent decline in revenue and approximately 25 per cent fall in earnings before interest, taxes, depreciation and amortisation (Ebitda).

The reduction in the share of value-added in sectors such as textiles and footwear is due to increased reliance on import of raw materials, writes Aishwarya Sanas.

When the organisers were obliged to cancel Kingpins denim show due to Covid-19 restrictions, they immediately began working on an online alternative, and such was the positive response that they were able to livestream seamlessly across the entire two days that the show had been scheduled to take place.