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 20, 2020 | Industry And Cluster, News & Insights
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...
by TEXTILE VALUE CHAIN | May 15, 2020 | Industry And Cluster, News & Insights
There can be as much as 1 crore people to be affected by the job cuts, in the textile industry, which is severely hit by the lockdown, if no support packages and relief is provided from the government, according to CMAI. Around 80% of the garment industry is mostly...
