Browsing: Industry Update

As a way of supporting India’s vaccination drive, the Apparel Export Promotion Council (AEPC) has requested that exporters take up the task of vaccinating all their workers after following the necessary protocols.

Yarn from Coimbatore and Dindigul mills have slowly become more expensive and this is bringing down the profit margins of small and large textile businesses in Karur and is adversely affecting the textile export industry.

The increased number of Free Trade Agreements has increased export orders and hence created a recruitment demand in Vietnam. There has also been a demand for IT personnel from the country, thanks to outsourcing.

KPR mills, a reputed textile industry located in Coimbatore, reported a 27.92% increase in sales revenue for the quarter of March 2021 and also reported higher revenues and production capacity for the same period.

Colombo’s Hayleys Fabrics recently made a deal with South Asian Ltd and acquired a 98.84% stake in South Asian Textiles Limited. This acquisition will help Hayleys Fabrics expand its export portfolio in the future.

Recent research showed that face masks helped to curtail the COVID 19 spread in the US, when face mask mandate was in effect in different states, says Dr Seshadri Ramkumar, Professor, Texas Tech University.