Going forward, the textile industry scenario will depend on how the situation evolves in the domestic and international markets and faster return to normalcy will enable the industry to curtail the damages and improve on its growth prospects.
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Indian apparel businesses could face up to 40 per cent loss of revenue and many smaller players are contemplating closure.
At present, it is not possible to predict how the global Covid-19 pandemic will affect Rieter’s sales and earnings in the first and second half of 2020, and thus also for 2020 as a whole.
Harsh Shah, Managing Director, Embee Group, speaks on the marketing strategies adopted by his company in order to stand out in the competition
A survey conducted by International Textile Manufacturers Federation (ITMF) among global textile companies revealed that on average orders are down by 32 per cent and the turnover for 2020 is expected to drop by 29 per cent compared to 2019 due to Covid 19 pandemic.
ITM and HIGHTEX exhibitions have been rescheduled to 22-26 June 2021.
Harsh Shah, Managing Director, Embee Group, speaks on the marketing strategies adopted by his company in order to stand out in the competition.