Inspite of blessed with a complete supply chain – from raw material to fibre to yarn to fabric – India has not been able to cash in on the opportunity created with China vacating some segments in the global textile market.
Browsing: COVID 19 pandemic
Improving consumer confidence levels, pick up in discretionary spending and opening up of economies are assisting Indian textile companies to tide over the COVID 19 pandemic with continued rise in demand.
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.
A four-year study by the Renewal Workshop revealed 82 per cent of what is considered apparel and textile waste can actually be renewed and resold, effectively meaning brands are ‘sitting on their next supply chain’, it said.
As you can see changes are happening on micro and macro scales. So how to map the scenario or vision is a very difficult task, writes Avinash Mayekar.
India’s technical textile industry, still in its nascent stage, is witnessing growing domestic as well as global demand. Can increasing disposable incomes, growing investment, and the government’s power boost turn this into a $5 trillion economy in the next few years?
Total cotton supply estimated by the CAI during the months of October and November 2020 is 201.07 lakh bales of 170 kg each i.e. 213.64 lakh running bales of 160 kg each.