Ind-Ra December 2020 report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres (MMF), yarns and fabric with a focus on commodity prices, imports/exports, production and recent rating actions.
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ICRA, a leading rating agency, said that the textile industry’s performance will go back to pre-COVID levels in the next fiscal year owing to increase in demands from the domestic as well as export markets.
The National Committee on Textiles & Clothing (NCTC) appealed the Prime Minister to remove Anti-Dumping Duty (ADD) on Viscose Staple Fibre (VSF) and address the VSF spun yarn availability and price issues to prevent job losses.
Manoj Patodia, Chairman, The Cotton Textiles Export Promotion Council (TEXPROCIL) states that the Government of India should take immediate steps in formulating a Free Trade Agreement (FTA) with the UK.
Anup Rakshit, Executive Director, ITTA. converses about the strengths and shortfalls of the Indian technical textile industry
The 10th Annual General Meeting of the Indian Technical Textile Association (ITTA) was held on December 16, 2020 through video conferencing under the Chairmanship of Dr Sundararaman KS, Chairman, ITTA.
Most of the textile companies have been under severe stress ever since the Covid pandemic struck Indian and the global economy causing economic slowdown.