The textile sector accounts for almost 14 % to the industrial production, 2 % to the GDP, and 11 % to the country’s export out of which hand-loom sector in particular is the second largest employment generator after agriculture. The recent COVID 19 situation has held many challenges to this industry.
The market investors in traditional textiles are more vulnerable than ever before due to delayed and dead stocked shipments leading to traditional products loosing its market value. The inappropriate revenue generation has compelled to situations like unemployment and labor migration. In-spite of everything, the fact that business being function of labor and capital cannot be outcast. The recent launch of Garib Kalyan Rojgar Yojna has outlayed a budget of Rs.50000 crore for employment generation for migrant workers which will help them not return to the text\ile cluster in short run. The fuel prices have witnessed a rise of 80-85% to 90% till the end of July, which indicates the the economy limping back to normalcy ,leading to a hope of steady rise in demand and production. The activities in textile sector are also gradually inching towards normalcy, with an expectation of 50%-60% of operation.
Due to the outbreak the business and supply chain has witnessed a reinforcement into PPEs, N-95 masks, technical textiles, synthetic material, etc instead of the traditional product range.The pre pandemic situation had the requirement of 50000 of units of PPE a year, however at the current situation the economy has become capable of producing 4,50,000 units of PPE units a day. The hand loom sector has accelerated the revenues by development of systems and procedures to win investors confidence under ministry of textiles. The Government has approved the exports of NON medical and non surgical masks made up of silk, wool, polyester, cotton and nylon. The hand-sector is going to be the core player in field of textile exports coming year at all circumstances.