MARKET & ECONOMY
Tamil Nadu government has decided to shut down the garment manufacturing units that are involved in exports to global markets as the number of coronavirus cases is increasing in the garment factories in Tiruppur district.
66 Italian textile machinery manufacturers will participate in the upcoming ITMA ASIA + CITME 2020. The event is set to take place in Shanghai at the National Exhibition and Convention Centre from June 12 to 16, 2021.
The event originally scheduled for September 2021, has been postponed to 25 – 27 November 2021. Due to the COVID-19 situation and its impact on safety, Messe Frankfurt India decided to reschedule Techtextil India.
Several textile, cloth and readymade traders in the state are in distress due to a fall in sales and income. Vijayawada, Guntur, Vizag, Kakinada, Kurnool, and Rajamahendravaram are the main areas that got affected.
Pakistan’s textile export saw a rise of 17.35% during the first ten months of the current year against the same time last year. As per Pakistan Bureau of Statistics (PBS), it saw a surge of 213% on a year-to-year basis.
The coronavirus pandemic affected all industries, including weavers and artisans comprising Anantapur district’s largest workforce. The apparel and textile parks being developed by the Andhra Pradesh government are incomplete.
Listed textile and garment makers in Bangladesh are facing low profits and sales due to the ongoing COVID-19 pandemic. However, spinners and yarn makers are performing well by taking advantage of the price hike of yarn.
Many PPE manufacturers in India have shared concerns regarding the safety protocols being followed in the making of PPE kits. Many manufacturers either don’t have BIS certification or lack testing labs on their premises.
As per analysts, many Japanese apparel brands are banning Xinjiang cotton, following the suit of many other well-known brands. This action will make them lose out in the Chinese market.