Browsing: Industry Update

As per the report by SIDBI-CRIF, the Indian textiles and apparels industry has availed credit of Rs 1620 billion as of December 2020. As on this date, the active loans stood at 426 thousand.

The shoe industry is affected by short collection cycles and is under the pressure of time and cost. Two medium-sized German enterprises KARL MAYER STOLL and DESMA have joined forces to overcome this issue.

The importers of Vietnamese textile and garment products are opening opportunities for enterprises so as to boost production and expand the export market as the effect of the COVID-19 pandemic is subsidized.

The textile and garment producers in Ludhiana are relieved with the easing of lockdowns but with the fluctuating rates of yarn, they are worried. Yarn is the biggest raw material in the industry.

The LYCRA Company has recently announced a campaign to advance discussions around circularity in textiles. The advertisement campaign is printed as “Keep in the loop with LYCRA”.