by TEXTILE VALUE CHAIN | May 28, 2020 | Apparel, Fashion & Retail, Fashion, News & Insights
The world has changed in the span of a few months due to the deadly Coronavirus and so have weddings. Couples across the world had to cancel/postpone their weddings due to the unexpected pandemic and now, with things opening up to some extent with regulations in place...
by TEXTILE VALUE CHAIN | May 27, 2020 | Covid 19, Industry And Cluster, News & Insights
Nokia has closed its factory in Sriperumbudur after testing by some employees COVID-19. ET wrote to Nokia to find out how many employees at the Sriperumbudur plant had tested positive and were awaiting the Finnish firm’s response. The factory had resumed operations...
by TEXTILE VALUE CHAIN | May 23, 2020 | Covid 19, Finance & Economy, Industry And Cluster, News & Insights
Textile and garment units are slowly reopening in areas where they have been permitted, but the situation is not very encouraging. Companies such as Century Textiles, Gokaldas Exports, Filtex and several medium and small units in Karnataka, Ludhiana and Tiruppur...
by TEXTILE VALUE CHAIN | May 22, 2020 | Covid 19, Finance & Economy, Industry And Cluster, News & Insights
The process of reverse migration of workers continued in Uttar Pradesh on Thursday as the tally of coronavirus-infected people reached 5,515 in the state. Several migrants tested positive in various parts of the state, including Maharajganj, Siddharthnagar, Basti,...
by TEXTILE VALUE CHAIN | May 22, 2020 | Finance & Economy, Industry And Cluster, News & Insights
Even as the Narendra Modi government aims to attract more foreign investors to India by liberalising the policies and laws, it has not helped to lift sentiments across foreign portfolio investors. The FPI investors have been pulling out their investments from the...
by TEXTILE VALUE CHAIN | May 20, 2020 | Industry And Cluster, News & Insights
The Indian government’s is taking various majors and effort to boost the COVID-19-hit economy focuses more on the medium-term rather than offering immediate support, according to a recent note by Goldman Sachs economists Prachi Mishra and Andrew Tilton, who predicted...
by TEXTILE VALUE CHAIN | May 18, 2020 | Covid 19, Industry And Cluster, News & Insights
Industry seeks moratorium of loan repayments and other sops The slew of measures being taken by the government to fight the coronavirus pandemic has put textile manufacturers in a spot. While on the one hand the sector is struggling to continue with its production...
by TEXTILE VALUE CHAIN | May 18, 2020 | Covid 19, Industry And Cluster, News & Insights
Bangladesh’s Zaber and Zubair Fabrics Ltd (Z&Z), a unit of the Noman Group, recently claimed to have developed a new fabric called ‘corona block fabric’ with the help of biocidal and virucidal treatment that could kill coronavirus within 120 seconds with the...
by TEXTILE VALUE CHAIN | May 16, 2020 | Covid 19, Industry And Cluster, News & Insights
“Being versatile and adapting to change – these are the best ways to overcome challenges post this global pandemic,” said designer Anamika Khanna, while talking about the future of fashion industry after lockdown. The Fashion Design Council Of India (FDCI) has...
by TEXTILE VALUE CHAIN | May 9, 2020 | Covid 19, Industry And Cluster, News & Insights
The World Health Organization (WHO) plans to dispatch an application this month to empower individuals in under-resourced nations to evaluate whether they may have the novel coronavirus, and is thinking about a Bluetooth-based contact following component as well, an...
by TEXTILE VALUE CHAIN | May 7, 2020 | Industry And Cluster, News & Insights
Crisil Research said on Wednesday that a 57-day nationwide lockout caused by the corona in New Delhi would result in a 13 percent drop in toll collection and dispatch. In this case, the lockdown has been extended for weeks one and two, the fall would be even faster at...
by TEXTILE VALUE CHAIN | May 6, 2020 | Covid 19, Industry And Cluster, News & Insights
As economy is slump in revenue collections during the lockdown, states are going to increase taxes to make up some of the losses as the restrictions are eased.The Andhra Pradesh government hiked prices of liquor by another 50% on Tuesday, only a day after imposing a...
