by TEXTILE VALUE CHAIN | May 26, 2020 | Industry And Cluster, News & Insights
The Reserve Bank of India’s extension of moratorium by another three months to August 31 and the likelihood of businesses remaining crippled for months is raising the possibility of thousands of crores worth loans being restructured. However, the absence of relaxation...
by TEXTILE VALUE CHAIN | May 25, 2020 | Industry And Cluster, News & Insights
Congress leader contradict the statement of ₹ 20 lakh crore package The actual quantum of the Atmanirbhar stimulus package announced by the government is not ₹20 lakh crore or 10% of the country’s GDP as claimed by Prime Minister Narendra Modi but merely ₹3.22 lakh...
by TEXTILE VALUE CHAIN | May 25, 2020 | Industry And Cluster, News & Insights
In order to protect the rights of lakhs of migrant labourers returning to UP from different corners of the country during the lockdown, UP chief Minister Yogi Adityanath announced the formation of a ‘Migration Commission’ in the state in near future. The CM made the...
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 21, 2020 | Industry And Cluster, News & Insights
Weaving the gossamer fine texture which made his old neighborhood Chanderi popular the world over, Mohammed Dilshad says his life is destroyed with no cash, no food, and no work. Till a little before the lockdown began on March 25, he would be out for a considerable...
by TEXTILE VALUE CHAIN | May 9, 2020 | Industry And Cluster, News & Insights
Walmart-owned Flipkart on Saturday said gradual opening up delivery of non-essential goods through e-commerce will help meet consumer demands, while easing the burden of piled up inventory of micro, small and medium enterprises amid the nationwide lockdown. The...
by TEXTILE VALUE CHAIN | May 9, 2020 | Industry And Cluster, News & Insights
The Birla family, which has been in a 16-year-old legal battle with the Lodhas to wrest control of the Rs 5,000-crore Birla Estate, has decided to challenge the reinstatement of Harsh Vardhan Lodha as a director in MP Birla Group companies in the Supreme Court. The...
by TEXTILE VALUE CHAIN | May 9, 2020 | Industry And Cluster, News & Insights
In Covid-19 during lockdown has taken away shine of Silk in Bengal or Assam. Bengal and Assam contribute over 20% to the national yield of India, and after this they are the largest consumer country of silk in the world and the second largest producer in the world....
by TEXTILE VALUE CHAIN | May 9, 2020 | Industry And Cluster, News & Insights
Oversees brand have been sharing prototype of fashion mask in cotton and blends with Indian suppliers for various states. In Ahmedabad global fashion brand are knocking the door non -surgical face masks at the awakening days are asking for non-surgical face masks at...
by TEXTILE VALUE CHAIN | May 9, 2020 | Industry And Cluster, News & Insights
India only country among top 3 markets to see some growth India’s Smartphone market grew 1.5% year-on-year to 32.5 million units in the January-March 2020 quarter, according to the data released by IDC. However, even though the pace of growth was tepid, India was the...
by TEXTILE VALUE CHAIN | May 9, 2020 | Industry And Cluster, News & Insights
Rating agency Moody’s said that the negative outlook of India reflects increasing risks that economic growth will remain significantly lower than in the past while cautioning of a rating downgrade if fiscal metrics deteriorate further. “This is in light of the deep...
by TEXTILE VALUE CHAIN | May 9, 2020 | Industry And Cluster, News & Insights
KARACHI: The Sindh government should allow the whole material worth chain to restart creation immediately, in any case the business won’t have the option to support business and close down, which will prompt gigantic joblessness, commented All Pakistan Textile...
