Order intake of CHF 640.2 million in the 2020 financial year was 31 per cent down on
the previous year. Following the significant slump in demand in the second quarter of 2020,
order intake recovered in the third quarter and improved further in the fourth quarter.
Search Results: Covid (1434)
The National Committee on Textiles & Clothing (NCTC) convened a meeting of all the stakeholders across the textile value chain on 12th March 2021 and launched a Helpline Portal – http://citiindia.org/yarn-form/form/form.php, at Confederation of Indian Textile Industry (CITI).
India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
Stand space application for ITMA 2023 opened on 3 March, 2021. The world’s largest textile and garment technology exhibition, ITMA will be held at Fiera Milano Rho, Milan, from 8 to 14 June 2023.
India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
Being a large manufacturer and exporter, the Indian textile industry has consistently been looked forward to – in terms of product, manufacturing processes and channels of sale.
The pandemic has brought about major changes across the globe. This health crisis has affected all across, manufacturing and textiles included. Volatility has become a synonym for market. However, there is a bright side to every challenge.