by TEXTILE VALUE CHAIN | May 26, 2020 | Covid 19, Industry View, Textile Articles
Introduction It all started on 31st December 2019, at the close of the year a pneumonia of unknown cause reported to WHO China Office. This was detected in the...
by TEXTILE VALUE CHAIN | May 26, 2020 | Covid 19, Industry View, Textile Articles
All over the world is suffering from a pandemic disease known as Covid-19. It has disturbed the political, social, economic, religious and financial structures of the whole world. Countries such as US, China, UK, Germany, India, France, Italy, Japan known to be a...
by TEXTILE VALUE CHAIN | May 26, 2020 | Covid 19, Finance & Economy, Industry And Cluster, News & Insights
Yarn sends out fell between 80-90% in April and about 30% during the quarter finished March as imports by China, which represents 33% of India’s yarn trades fell as article of clothing units there covered. Imports by Bangladesh, which represents almost a fifth...
by TEXTILE VALUE CHAIN | May 26, 2020 | Covid 19, Finance & Economy, Industry And Cluster, News & Insights
Face masks made of fabric will soon be available in the Egyptian market in line with the government’s plan to coexist with the COVID-19 pandemic, according to minister of trade and industry Niveen Gamee. Readymade garments and textile companies will produce the...
by TEXTILE VALUE CHAIN | May 25, 2020 | Covid 19, Finance & Economy, Industry And Cluster, News & Insights
The global hand sanitizer market size is expected to reach USD 17.2 billion by 2026 according to a new study by Polaris Market Research. The report “Hand Sanitizer Market by Product Type (Gel, Liquid, Foam and Spray); By Distribution Channel (E-Commerce, Hospital...
by TEXTILE VALUE CHAIN | May 23, 2020 | Industry And Cluster, News & Insights
The government’s Rs 20 lakh crore fiscal stimulus package lacks major near-term support for the economy and may not be adequate to restore the country’s growth, Credit Suisse Wealth Management said in a report. On May 12, Prime Minister Narendra Modi announced a...
by TEXTILE VALUE CHAIN | May 23, 2020 | Finance & Economy, Industry And Cluster, News & Insights
India’s current account may show a surplus for several years this year, with economists saying a sharp decline in domestic demand for investment and consumption goods. The fall in crude and commodity prices and lower demand for them are also contributing to the...
by TEXTILE VALUE CHAIN | May 23, 2020 | Industry And Cluster, News & Insights
The extension of moratorium period of term loan for another three months i.e. up to August 31, 2020 by the Reserve Bank of India (RBI) has come as a sigh of relief for the ailing textiles and clothing industry, The Southern India Mills’ Association (SIMA) has said....
by TEXTILE VALUE CHAIN | May 22, 2020 | Covid 19, Finance & Economy, Industry And Cluster, News & Insights
As the coronavirus crisis escalates, an increasing number of organizers around the world are compelled to scrap fashion fairs and other industry events. While Chic Shanghai was postponed, Ispo Beijing was had to be called off altogether. The past few weeks has...
by TEXTILE VALUE CHAIN | May 21, 2020 | Finance & Economy, Industry And Cluster, News & Insights
The country is in lockdown, businesses are folding up, workers being laid off and the overall retail confidence level is low. COVID-19 has changed communities, businesses, and the world forever. As retail businesses continue to work through the current situation and...
by TEXTILE VALUE CHAIN | May 21, 2020 | Covid 19, Finance & Economy, Industry And Cluster, News & Insights
Because of the staggering face mask interest for those on the cutting edges fighting COVID-19, and the developing number who need them for individual assurance, Hyosung, the world’s biggest maker of spandex, has repurposed its offices to expand the gracefully of...
by TEXTILE VALUE CHAIN | May 20, 2020 | Industry And Cluster, News & Insights
The Tiruppur Exporters’ Association (TEA) today requested Prime Minister Narendra Modi to extend the Reserve Bank of India’s three-month moratorium on payment of instalments on term loans as no industrial activity occurred till May 6. The moratorium was announced by...