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Dark cloud with a silver lining?
Dark clouds of lockdown are back with the Tsunami of Covid 19 cases resurfacing across the country. With major textile producing states - Maharashtra, Tamil Nadu and Gujarat - under lockdown, the industry is staring at huge losses again this year.
Aspire, believe & deliver: India - The future of global fashion
In 2020 alone, Asia Pacific accounted for 51 per cent of the global textile market, making it the largest region. India is the second-largest manufacturer and exporter of textile and clothing in the world, with a 5 per cent share of global trade.
Why textile machinery prices could rise
Improving consumer confidence levels, pick up in discretionary spending and opening up of economies are assisting Indian textile companies to tide over the COVID 19 pandemic with continued rise in demand.
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.
Recovery for spinners picks up
Indian spinners are likely to see a gradual performance recovery beginning 2017-18 last quarter after facing multiple problems over the last several quarters that resulted in their profitability touching six-year lows in the previous two quarters, according to a report by credit rating agency ICRA. Cotton yarn demand is also expected to gather strength.
Apparel exports continue to remain volatile: ICRA
India’s apparel exports continue to remain volatile and unencouraging with the global apparel trade not showing any signs of uptick amid subdued demand trends in the key importing countries.
Exporters WALKING a tightrope!
India’s textile exporters are finding their competitive edge getting blunt and profit margin thinner, thanks to a weak dollar, demonetisation after-effect and stiff competition from new textile nations. An Exclusive ITJ Report.
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