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The sector has been under immense financial stress as operations have been curtailed due to the lockdown but overhead cost still remains to be borne by the companies.
Credit profile of cotton spinners to deteriorate
Covid-19 is expected to lead to drop in the revenue along with moderation in profitability margins and debt coverage indicators apart from impacting the liquidity profiles of most of the companies engaged in the sector.
Finding opportunities amidst challenges
The Indian home textile market is still at up-and-coming stage. The unorganised sector is dominating the market; there are vast opportunities for organised players for growth and development.
At the forefront
As coronavirus pandemic gripped China, the Indian textile accessories industry went into frenzy and started looking for solutions and alternatives to beat the situation.
Arvind launches revolutionary anti-viral fabrics
Arvind Limited announced launch of anti-viral textile technology for the first time in India under its brand 'Intellifabrix'. Arvind has partnered with Swiss textile innovation leader HeiQ Materials AG and Taiwanese specialty chemical major Jintex Corp to introduce the revolutionary anti-virus technology.
Govt should announce stimulus package: KS Balamurugan
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.
Textile, leather clusters among top users of ECLGS
Textile, engineering, leather and infrastructure clusters of Tirupur, Coimbatore, Kanpur and Durgapur are among the top industries pumping additional investments into their businesses by taking advantage of the government’s Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for meeting the liquidity needs of industries during the COVID-19 crisis.
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