MARKET & ECONOMY
The COVID second wave worries textile-based micro, small and medium enterprises that were just starting to touch their pre-pandemic production capacity.
In February, Pakistan surpassed India, Indonesia, and Vietnam in apparel and textiles export to the US.
Tamil Nadu CM has exempted large vertically integrated textile units, medical textile manufacturers and raw material providers to these industries from night curfew and Sunday lockdown.
SGS India’s Softlines testing laboratory offers textile and jute manufacturers from eastern India a wide range of quality test options for their products.
In the wake of the migration of one-fourth of textile business workers and curfew restrictions, Surat’s textile industry reports a fall of 22% in fabric production as compared to last year.
Finland’s Infinited Fiber Company is set to invest Euro 220 million in a new flagship factory to meet the increasing demand for regenerated textile fibres.
The Apparel Export Promotion Council seeks the Centre and state governments’ support in avoiding another lockdown. Textile exporters say another lockdown would mean failing to complete existing export orders.
Declaring Better Cotton Initiative (BCI) standards sub-par, China plans to release a new set of quality guidelines to encourage high-quality cotton farming and improve production.
The re-emergence of the Southeast Asian garment industry, increasing labour cost and reluctance of clients to stock products are negatively affecting China’s fabric export volumes.