The Karur Textile Exporters Association requests complete lockdown of its 400 textile units, considering the Covid-19 spike. The units are currently operating with 50% manpower. These workers can act as virus carriers.

The National Company Law Tribunal (NCLT) has admitted an insolvency petition against Sintex Industries, a popular textile and yarn manufacturer in India, as it failed to pay around Rs 70 billion to creditors, led by PNB.

Manufacturers in the garment industry fear the problem of dead inventory due to order cancellations and contemplate the reduction of workforce. More than 20% believe the industry will begin to recover only in 2022.

The innovation incubator, which opened in 2014, is set to become an independent company. With a team of 70 specialised professionals, Itemalab will provide solutions to digitalise and reshape industrial products and processes.

The USDA has projected India’s cotton production for the upcoming season at 37.8 million bales. The Indian textile industry says a lot of it depends on the southwest monsoon.

Garment workers staged protests demanding an extended Eid vacation by barricading important roads in the manufacturing hub of Gazipur. They clashed with the police, resulting in the injury of 20 workers and one policeman.

The share price of Raymond surged over 5% on May 7, 2021; a day after the company’s fourth quarter results for FY21 was released. It announced net profits worth Rs 560 million and net sales of Rs 13.66 billion for Q4FY21.

Bangladesh’s apparel exports to the US sustained a negative growth of over 8% YoY and fetched $1.53 billion in January-March 2021, down from $1.67 billion in 2020. The exports from China and Vietnam saw positive growth.

Pakistan-based apparel manufacturers Interloop plans to setup a new factory to expand its production. Expecting to meet the rising demand from the foreign markets, the company aims to double its revenues by FY2026.