Malegaon’s powerloom sector is on a revival spree because of the upcoming festival season, with a steady demand for manufactured in the textile town.
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Malegaon’s powerloom sector is on a revival spree because of the upcoming festival season, with a steady demand for manufactured in the textile town.
Malegaon’s powerloom sector is on a revival spree because of the upcoming festival season, with a steady demand for manufactured in the textile town.
Ashwin Chandran, Chairman, SIMA thanked PM for making certain announcements on financial relief package through RBI.
With the referendum to quit European Union, the impact on India’s textiles export to Great Britain will be minimal although it is a major market for apparels made in India. However, there could be initial turmoil due to structural changes and fresh negotiations being finalised. In perspective, EU imported textiles worth $235 billion in 2015 from the world. Of this, UK accounted for 15 per cent or $35 billion. Thus, the country is one of the largest markets for textiles including fibres, yarns, fabrics, apparels and other textile products. However, it is not a major supplier of this industry and thus will have negligible impact on sourcing.