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In the doldrums!
Indian apparel businesses could face up to 40 per cent loss of revenue and many smaller players are contemplating closure.
On the rise
The increase in awareness of the damage caused by synthetic materials on the environment has led to the development of eco-friendly materials. ITJ reports on various natural fibres available.
Economic impact & road ahead
The special Covid-19 economic task force announced by Prime Minister Narendra Modi would likely work on an economic package for the sectors most affected by the coronavirus outbreak as also people working in the informal sectors.
Can retail industry survive Covid-19 lockdown
Retailers in the country at this point are not looking to make profits, but are rather looking for a way to stay afloat and provide for the employees and other stakeholders, writes Sanjay Vakharia.
Textile industry under pressure
Going forward, the textile industry scenario will depend on how the situation evolves in the domestic and international markets and faster return to normalcy will enable the industry to curtail the damages and improve on its growth prospects.
ITMF urges govts to support textile industry
The results of second ITMF Corona Survey, which were released recently, revealed that on average orders are down by -31 per cent and the turnover for 2020 is expected to drop by -28 per cent.
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