Vietnam’s textile and apparel export turnover in 2020 is expected to reduce by a fifth compared to 2019 figures, according to the Vietnam National Textile and Garment Group (Vinatex), which feels the demand will recover from the third quarter.
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India’s textiles and apparel sector production is expected to decline by 10-12 per cent in the April-June quarter owing to the coronavirus pandemic, according to a study by KPMG in India.
FTAs with Australia, Canada, the United Kingdom and EU will help boost India’s textile exports, according to AEPC, whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India’s exports.
Free trade agreements (FTAs) with Australia, Canada, the United Kingdom and the European Union (EU) will help boost India’s textile exports, according to the Apparel Export Promotion Council (AEPC), whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India’s exports.
The year 2019 was challenging for the Indian textile industry with exports of textile & apparel declining by 4.3 per cent to $22 billion in the first seven months of FY2020 (April-November); thus, impacting the textile machinery segment as well.
The two editions of Intertextile Shanghai Apparel Fabrics reached new heights this year with number of visitors showing an increase of 15 per cent for both fairs and strong feedback received on product variety, show quality and innovation.
In today’s VUCA world, the life is full of surprises on both the sides; sometimes positive sometimes negative and they come all of a sudden and catch us napping.