COVID-19 has disrupted the industry by way of con- sumption and production cycles. Apparel being the least bought category, few months ago. But as the nations are opening, travelling bans are being lifted, markets opening; industry is reviving at slow pace. Travelling, the marriage season and festivals gave a little relief to industry; inventory is somehow man- aged and sold. Now in the fresh New Year, there is a good hope for the industry as COVID-19 Vaccine is in place; people also want to start afresh. Fresh clothing will give a boost to consumer and industry will grow at rapid pace. With a little more than 50% of total ca- pacity being utilized, the Industry is already reviving. This is a good sign as the new year brings in lot of hopes for all stakeholders!
Textile wet processing is an important part of indus- try. Textile is most pollutant industry, current issue focusing on textile wet processing and some new age solutions are offered by industry professionals and companies.
IKEA’s entry in the Indian market is an example that every brand in the world is focusing. Indian Market and Indian consumers are also slowly moving to- wards DIY in the home segment. COVID-19 pandemic has been a boon to Home Textile category and has maximum growth in entire industry.
Start-ups and FDI both are running parallel to each other in the industry; in fact both are dependent to each other, with their independent identity.
We wish all of you a fruitful, productive and healthy 2021 !
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