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Textile sector to recover to pre-COVID levels by FY2022
ICRA, a leading rating agency, said that the textile industry’s performance will go back to pre-COVID levels in the next fiscal year owing to increase in demands from the domestic as well as export markets.
Changing scenario of textile
As you can see changes are happening on micro and macro scales. So how to map the scenario or vision is a very difficult task, writes Avinash Mayekar.
Focus on value-addition for value creation
Most of the textile companies have been under severe stress ever since the Covid pandemic struck Indian and the global economy causing economic slowdown.
TEA appeals spinning mills to continue to supply yarn
Tirupur Exporters Association (TEA) appealed spinning mills to not stop the supply of cotton yarns as it’s affecting apparel units. The mills are not taking any new orders and have stopped production said President, TEA in a letter to associations.
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