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Shutdowns to delay garment export order fulfilment: TEA
According to a top official from Tirupur Exporters Association (TEA), the garment units in Tirupur will keep their shutters down from May 14 evening till May 24. This is being done to prevent the spread of coronavirus.
MSMEs face existential crisis
Crisil report says that the pain will radiate as India Inc heads towards approximately 15 per cent decline in revenue and approximately 25 per cent fall in earnings before interest, taxes, depreciation and amortisation (Ebitda).
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