Cotton sowing in Punjab has been delayed because only 20% of the crop has been sown till May 10. Also, only 63,220 hectares of land has been used for sowing in Punjab, according to Punjab Agriculture Department.
Tamil Nadu government has made certain announcements for Micro, Small and Medium-scale Enterprises (MSMEs) that have been accepted by the industries in Tirupur and Coimbatore. He also assured vaccination for workers.
According to a top official from Tirupur Exporters Association (TEA), the garment units in Tirupur will keep their shutters down from May 14 evening till May 24. This is being done to prevent the spread of coronavirus.
US companies are giving tough time to Vietnamese garment producers by not clearing their dues. For May Song Hong, dues outstanding with the American companies have risen by 19.5% in the first quarter.
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.
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.
Freudenberg Performance Materials, one of the leading suppliers of technical textiles, has announced two unique sustainable products – breathable interlinings and tapes, and FLEXX innovative padding.