According to a report of analytics firm Fitch Solutions, Asia is expected to remain a dominant player in garment production over the coming decade even as China looks to reduce its apparel manufacturing operations and move up the value chain. In spite of this, India and Indonesia, which offer low-cost cheap labour and large domestic markets, may not be able to take advantage of the situation due to the lack of conducive business conditions.
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Even as the state government relaxed lockdown guidelines for industrial units to improve economic activity across the state, Surat’s Rs 50,000 crore MMF industry is still grappling to resume operations.
Even as the state government relaxed lockdown guidelines for industrial units to improve economic activity across the state, Surat’s Rs 50,000 crore MMF industry is still grappling to resume operations.
Even as the state government relaxed lockdown guidelines for industrial units to improve economic activity across the state, Surat’s Rs 50,000 crore MMF industry is still grappling to resume operations.
Even as the state government relaxed lockdown guidelines for industrial units to improve economic activity across the state, Surat’s Rs 50,000 crore MMF industry is still grappling to resume operations.
Exports of Indian man-made fibre (MMF) textiles is expected to reach $7 billion by the end of fiscal 2020-21, witnessing a growth of at least 10 per cent from the current level, according to Ronak Rughani, Chairman of the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC).
Cotton yarn production in India continued to remain sluggish during the 2017-18 registering only a marginal growth of about 0.1 per cent YoY after declining by about 2 per cent during the same period last year.