Year: 2020

A survey conducted by International Textile Manufacturers Federation (ITMF) among global textile companies revealed that on average orders are down by 32 per cent and the turnover for 2020 is expected to drop by 29 per cent compared to 2019 due to Covid 19 pandemic.

Majority of India’s businesses are small — 99 per cent of them have an
annual revenue of less than Rs 2.5 billion.

India’s cotton production is likely to witness a decline of about 15.7 per cent in cotton season (CS) 2018-19 with production at 5.3 billion kg during the year on back of fall in acreage under cotton due to unfavourable weather conditions and uneven and inadequate rainfall in key cotton-growing States.

KS Balamurugan, Managing Director of K. U. Sodalamuthu & Co. Pvt Ltd speaks on the significance of automation and modernisation that is increasing across industries, and how the company intends to tide over the present crisis due to Covid -19 pandemic.

India ITME Society proposes to postpone India ITME 2020 by one year to December 2021. The new dates for the event are December 8-13, 2021.