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Tag: textile

Apparel & Textile Sector: Recommendations to ease the impact of Coronavirus pandemic

Due to the nation-wide lockdown to prevent the spread of novel coronavirus, the Indian apparel and textile sector is going through some extremely trying times. The central government had announced a 21-day lock-down starting March 24 to contain the pandemic. On Tuesday, this lockdown was further stretched up to May 3. The sector – which …

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Impact of COVID-19 on the Indian apparel & textile industry

Indian Textiles and Apparels industry accounts for approximately 4 percent of the global textile and apparel market. The textile and apparel industry is one of the largest and the most important sectors for the Indian economy in terms of output, foreign exchange earnings and employment. The industry contributes approximately 7 percent to industrial output in …

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1 crore job cuts likely in textile industry without Govt support: CMAI

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. With around 80 per cent of the garment industry mostly micro, small and medium enterprises, CMAI, …

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‘India’s textile and apparel exports to reach US$ 300 bn by FY25’

India’s textile and apparel exports are expected to touch US$ 300 billion by 2024-25, resulting in a tripling of the country’s market share globally from 5 percent to 15 percent, according Invest India, the national investment promotion and facilitation agency. The domestic textile and apparel industry including handicrafts stood at US$ 140 billion in 2018, …

‘India’s textile and apparel exports to reach US$ 300 bn by FY25’Read More