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There could be as many as one crore job cuts in the textiles sector, which has been severely hit by the ongoing lockdown, if there is no support and revival package from the government, according to apparel industry body Clothing Manufacturers Association of India (CMAI)..
While the Covid-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown.
The Union Ministry of Textiles has announced a new regulatory framework for the production of personal protective equipment (PPE) units after reports merged that Indian manufacturers, who failed laboratory tests, have sold their rejected products to a section of private hospitals.
Milliken & Company, a global textile manufacturer, has announced that it is leveraging its materials science expertise to manufacture personal protective equipment (PPE) for the healthcare industry amid the Covid-19 global pandemic.
Textile Exchange (TE) has launched the Organic Content Standard (OCS) 3.0 after the conclusion of a regular revision process involving an international working group and following Textile Exchange’s standard setting procedures.
Against the backdrop of the ongoing Covid-19 pandemic, the International Textile Manufacturers Federation (ITMF) has urged governments across the globe to increase the support to their respective textile and apparel industries.
Textile Exchange has launched the Organic Content Standard (OCS) 3.0 after the conclusion of a regular revision process involving an international working group and following Textile Exchange’s standard setting procedures.
The Indian apparel industry could take a hit of almost Rs 1 lakh crore due to the lockdown to contain the Covid-19 outbreak and a significant slowdown is expected in economic growth once the lockdown ends, according to a survey by CMAI.
India’s textiles and apparel sector production is expected to decline by 10-12 per cent in the April-June quarter owing to the coronavirus pandemic, according to a study by KPMG in India.