India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
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An unanticipated outcome of COVID-19 has been India becoming an alternative to China for buyers worldwide in the global textile supply chain. But can India take the lead and seize the opportunity?
Polyurethane (PUR) is conquering ever more areas of modern life – automobiles, furniture, shoes, medical technology and packaging. However, processing it is extremely complex and demands tailored solutions for the respective applications.
A brand well known for combining technologies with designs, Nandani Creation has its eyes set on 20-25 retail stores for expansion by the year 2023.
The pandemic has clearly taught us to consume consciously. At present productivity and enhanced manufacturing is the goal for all industries. The manufacturing industry gives rise to lots of direct and indirect opportunities.
National Institute of Fashion Technology (NIFT) is working towards introducing technical textiles as an academic subject in the near future.
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.