Browsing: Textile Industry

There could be as many as one crore job cuts in the textiles sector, which has been severely hit by the ongoing lockdown, if there is no support and revival package from the government, according to apparel industry body Clothing Manufacturers Association of India (CMAI)..

Abundant young talent, simple trade agreements, income tax breaks, cheap labour and power, friendly tax laws, strategic geographical position and the announcement of African Continental free trade area (AfCFTA) makes Africa the preferable destination for apparel manufacturing industry.

One would be surprised to know that textile industry is one of the major reasons for the tragedy in Italy due to coronavirus, which originated in far-off region (Wuhan, China) in another continent.