The sector has been under immense financial stress as operations have been curtailed due to the lockdown but overhead cost still remains to be borne by the companies.
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As industry restart plants, they have to overcome challenges pertaining to manufacturing, supply chain and reverse migration. Are they safe?
Due to the impact of COVID-19 there will be no possibility to conduct the congress in its usual form this year. The travel restrictions and the extraordinary economic situation complicate the planning of events. The health aspect and the safety of their visitors are in the foreground of its decision.
Sectors already identified by the Department of Promotion for Industry and Internal Trade (DPIIT) in consultation with other ministries include capital goods and machinery, mobile and electronics, gems and jewellery, pharmaceuticals, textiles and garments.
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
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.
Majority of India’s businesses are small  99 per cent of them have an
annual revenue of less than Rs 2.5 billion.