A study titled ‘Weakest Link in Global Supply Chain: How the Pandemic is Effecting Bangladesh Garment Workers’ revealed that 80% of the readymade garment manufacturers in the country are struggling because of the pandemic.
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In spite of the pandemic situation, the SM Group has shown some hope by setting up a new RMG accessories factory that will provide more jobs, boost export, and improve the country’s economy in the near future.
Benefits of automation are clear and visible. However, capital intensive nature of the textile industry and lack of availability of funds are hampering adoption of automation in India. But Indian textile industry has no choice but to invest in modern technologies to stay relevant in the global textile value chain, says Rakesh Rao.
While Indian spinners are benefiting from the higher global cotton yarn demand at present, the re-emergence of the Covid 19 pandemic could play a spoilsport, says Rakesh Rao
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.
After almost 30 years with the company, Klaus Heinrichs, Vice-President, Monforts, is to retire at the end of May. A very well-known and respected figure in the industry, Klaus began working in marketing for the company in 1992.
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.