The second wave of COVID-19 in India has adversely affected the textile sector in Tamil Nadu, especially when the export demand was high. Further, the textile hubs of Tiruppur and Coimbatore are worst affected.
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Though plant sites are functional with a restricted occupancy level, 1QFY22 may not be a lost quarter, thanks to strong export markets, says Mahaveer Jain of India Ratings
Bangladesh’s apparel exports to the US sustained a negative growth of over 8% YoY and fetched $1.53 billion in January-March 2021, down from $1.67 billion in 2020. The exports from China and Vietnam saw positive growth.
The provisional data of the Cotton Textiles Export Promotion Council revealed that the exports of readymade garments and manmade textile declined by 20.78% and 21.20%, respectively. The final data is expected by May end.
The mask contains an ultra-thin pure copper coating applied via a high-tech vapor deposition process, called HeiQ MetalliX, which converts a minute amount of copper into vapour, allowing it to be deposited evenly to surround each fibre.
Switzerland-based HeiQ, a global leader in textile and materials innovation, has launched HeiQ MetalliQ, a futuristic-looking, high-tech surgical mask that destroys all viruses and bacteria tested, up to 100% efficacy.
A study titled ‘Weakest Link in Global Supply Chain: How the Pandemic is Effecting Bangladesh Garment Workers’ revealed that 80% of the readymade garment manufacturers in the country are struggling because of the pandemic.