On October 22, 2020 during the Hybrid ITMF Annual Conference 2020 of the International Textile Manufacturers Federation (ITMF), the Committee of Management of the Federation elected the members of the Board for the term 2020-2022. Ruizhe Sun, President of the China National Textile and Apparel Council (CNTAC), was unanimously elected as the new President of the Federation.
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The results of second ITMF Corona Survey, which were released recently, revealed that on average orders are down by -31 per cent and the turnover for 2020 is expected to drop by -28 per cent.
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
Against the backdrop of the ongoing Covid-19 pandemic, the International Textile Manufacturers Federation (ITMF) has urged governments across the globe to increase the support to their respective textile and apparel industries.
The Committee of Management elected Mohammad Kassem (Egypt), Juan Parès (Spain) and Michelle Tjokrosaputro (Indonesia) as new Board Members.