US consumers are shopping for summer wear, with relaxed COVID-19 restrictions and vaccinations. Analysts believe the pent-up demand for apparel and accessories will benefit Poshmark in the second quarter of 2021.
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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.
In this interview, Vinod Kumar Gupta, MD, Dollar Industries Ltd, says that the work from home (WFH) norm and the prevailing pandemic are helping athleisure/comfort wear gain immense popularity.
Dark clouds of lockdown are back with the Tsunami of Covid 19 cases resurfacing across the country. With major textile producing states – Maharashtra, Tamil Nadu and Gujarat – under lockdown, the industry is staring at huge losses again this year.
The state government imposed a state-wide lockdown allowing only construction and manufacturing activities to take place. The KEA has requested for garment factories to function with COVID-19 measures and 50% attendance.
COVID-19 has severely affected the garment industry, with exports dropping and 20% of people losing their jobs. AEPC has requested the government for an essential service tag that will free them from lockdowns.
Despite being the second-largest textile manufacturer in the world, India faces many challenges and competition, which can be resolved with central government incentives, structural reforms and lower import duty.