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Rieter outlook for FY2020 in semi-annual report
At present, it is not possible to predict how the global Covid-19 pandemic will affect Rieter’s sales and earnings in the first and second half of 2020, and thus also for 2020 as a whole.
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.
When will uncertainty end
A survey conducted by International Textile Manufacturers Federation (ITMF) among global textile companies revealed that on average orders are down by 32 per cent and the turnover for 2020 is expected to drop by 29 per cent compared to 2019 due to Covid 19 pandemic.
Focus on value addition: ITJ webinar
ITJ webinar provided a roadmap for the growth of Indian textile industry with experts emphasising on self-sufficiency, value addition and increasing inherent competitiveness of the industry.
NCTO urges govt not to defer tariffs on apparel
The US administration’s reported plan to institute a 90-day deferral on most-favoured nation (MFN) tariffs that is being pushed by the importing and retailing industries would defer certain tariffs.
Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
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