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Textile, leather clusters among top users of ECLGS
Textile, engineering, leather and infrastructure clusters of Tirupur, Coimbatore, Kanpur and Durgapur are among the top industries pumping additional investments into their businesses by taking advantage of the government’s Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for meeting the liquidity needs of industries during the COVID-19 crisis.
Textile mill owners doubtful about revival: SISPA
Flagging concerns, including shortage of work force due to return of migrants and financial woes, an apex textile industry body claimed a majority of mill owners were anxious and doubtful about revival of the key sector post COVID-19 lockdown.
UP to amend textile policy to reboot industry
Amid the influx of three million migrant workers from other states following covid-19 lockdown, the Uttar Pradesh government is planning to amend the policies of several labour-intensive industries for rebooting industrial activities and creating mass employment.
Govt identifies 10 sectors to cut imports
Sectors already identified by the Department of Promotion for Industry and Internal Trade (DPIIT) in consultation with other ministries include capital goods and machinery, mobile and electronics, gems and jewellery, pharmaceuticals, textiles and garments.
Belarusian textile makers to explore new export clients
Textile manufacturers in Belarus are planning to explore new partners and step up exports to the European Union (EU), according to Tatyana Lugina, head of Belarusian light industry concern Bellegprom, who recently noted that the 2020 targets have to be met despite the industry situation being tough due to closed borders, falling purchasing power and other reasons.
Surat’s MMF textile industry facing restart issues
Even as the state government relaxed lockdown guidelines for industrial units to improve economic activity across the state, Surat’s Rs 50,000 crore MMF industry is still grappling to resume operations.
ADD on acrylic fibre, a death knell for knitwear
At the time of Pandemic further Imposition of anti-dumping duty (ADD) on acrylic fibre (AF) raw material sounds Death Knell for Ludhiana’s knitwear industry views Ludhiana Spinners Association (LSA).