MARKET & ECONOMY​

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)..

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.

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.