Closed shutters of major fashion retailers in the United States, European Union countries and other developed countries owing to lockdown has left textile mills baffled with around 80 per cent orders cancelled in last two months.
Some orders were almost ready to be shipped while a major chuck is stuck at ports, said leading textile mills of the state claiming around 80 per cent cancellation of export orders for readymade garment and fabrics while yarn shipments have seen 50 per cent cancellation.
Such a high cancellation for bulk orders have resulted in towering inventories with textile mills. Apparel manufacturers said that with extended lockdown and change in season, fabrics and apparels manufactured in summer months will not find market in winters due to change in preferences resulting in hefty losses to manufacturers.
Industry experts said sealing of India-Bangladesh borders amid Covid-19 outbreak has restricted movement of woven and knitted fabric resulting in towering inventories.
Industry players said government should announce a relief package for the sector as it is the largest employer in the country after agriculture
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