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According to ICRA, the textile value chain will see a maintained focus on incentivising investments by the government in the upcoming union budget. New Delhi According…
The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.
The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.
According to the report, the home textile exporters are going to show growth at a rate of around 20-25% in 2021-22 with healthy margins.
For the entire financial year 2020-21, the GDP contracted 7.3 per cent  a record low. In January-March last year, the economy had grown 3 per cent.
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.