The results of second ITMF Corona Survey, which were released recently, revealed that on average orders are down by -31 per cent and the turnover for 2020 is expected to drop by -28 per cent.
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The special Covid-19 economic task force announced by Prime Minister Narendra Modi would likely work on an economic package for the sectors most affected by the coronavirus outbreak as also people working in the informal sectors.
Supply chain changes, interruptions and the need for innovation have become reality with the Covid-19 pandemic.
Without modernisation of its entire value chain, India can never become global champion in textile sector.
Jhankar Dutta, Managing Director, B&R Industrial Automation, India, explains trends in textile manufacturing in India and importance of automation and digitalisation in textile industry.
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.