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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.
Textile Industry: Locked down
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
ITMA ASIA rescheduled to June 2021
Originally slated to be held in October, ITMA ASIA + CITME will now take place from 12 to 16 June 2021 at the National Exhibition and Convention Centre (NECC), Shanghai.
ITMF urges govt to support textile industry
Against the backdrop of the ongoing Covid-19 pandemic, the International Textile Manufacturers Federation (ITMF) has urged governments across the globe to increase the support to their respective textile and apparel industries.
Trade conflicts hitting growth outlook: IMF chief
International Monetary Fund Managing Director Christine Lagarde said recently that trade disputes and tariffs are starting to dim the outlook for global growth, calling on countries to resolve their differences and reform global trading rules.
Textile investment ahead: A boom or bust or just so-so?
India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.
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