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.
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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.
The increase in awareness of the damage caused by synthetic materials on the environment has led to the development of eco-friendly materials. ITJ reports on various natural fibres available.
A survey conducted by International Textile Manufacturers Federation (ITMF) among global textile companies revealed that on average orders are down by 32 per cent and the turnover for 2020 is expected to drop by 29 per cent compared to 2019 due to Covid 19 pandemic.
JM Balaji, Head – Marketing, Lakshmi Ring Travellers (Coimbatore) Limited, speaks on the demand for ring travellers and emerging trends in the industry.
JM Balaji, Head – Marketing, Lakshmi Ring Travellers (Coimbatore) Limited, speaks on the demand for ring travellers and emerging trends in the industry.
JM Balaji, Head – Marketing, Lakshmi Ring Travellers (Coimbatore) Limited, speaks on the demand for ring travellers and emerging trends in the industry.