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AEPC urges PM for lockdown exemption on textile units
Apparel Export Promotion Council (AEPC) has requested Prime Minister Narendra Modi to declare apparel exports as essential services and exempt the exporting units across India from lockdowns due to Covid.
COVID crisis: Textile exports fell by 13% in FY2020-21
The provisional data of the Cotton Textiles Export Promotion Council revealed that the exports of readymade garments and manmade textile declined by 20.78% and 21.20%, respectively. The final data is expected by May end.
Tiruppur textile exporters worried about lockdown
The Apparel Export Promotion Council seeks the Centre and state governments’ support in avoiding another lockdown. Textile exporters say another lockdown would mean failing to complete existing export orders.
Go beyond FTAs
According to a report of analytics firm Fitch Solutions, Asia is expected to remain a dominant player in garment production over the coming decade even as China looks to reduce its apparel manufacturing operations and move up the value chain. In spite of this, India and Indonesia, which offer low-cost cheap labour and large domestic markets, may not be able to take advantage of the situation due to the lack of conducive business conditions.
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.
COVID-19 hurts textile exporters
Textile and clothing exporters have started feeling the impact of Covid-19 because of supply chain disruptions, fall in exports and cancellation of international events
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