The government extended loan for four years with repayment of only interest in the first 12 months under Emergency Credit Line Guarantee Scheme (ECLGS).
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Business from overseas markets has been a major contributor to the growth of Indian home textiles industry. Covid 19 and the US-China spat can be instrumental in further increasing India’s share in the global home textiles market, says Rakesh Rao.
Kusumgar Corporates, in collaboration with Veermata Jijabai Technological Institute (VJTI), Mumbai, conducted the final round of Innotex recently to award the best minds in technical textiles in the country.
In this interview, Pulkit Agarwal, Associate Director, CARE Ratings, analyses the performance of Indian home textiles industry and the effect of the second Covid wave on the industry.
In this interview, Rohit Khemka, Founder, RR Décor, highlights on emerging trends in home furnishing & textiles market and the company’s plans to tap these trends.
In the recent years, India has emerged as one of the major players in the global home textiles market. Factors like traditional craftsmanship, local availability of raw materials, investments by companies in high-tech textile machinery, etc have helped India to become a preferred sourcing destination for home textiles.
In this interview, Thomas Waldmann, Managing Director, VDMA Textile Machinery Association, tracks changes taking place in textile engineering space and explains the importance of India for German textile machinery companies.