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Textile industry might improve soon

Textile industry might improve soon

Low-end goods, essential goods and value-for-money goods in the textile sector are moving well in the COVID-19 situation but fashionable apparels that depended on showrooms are yet to make a recovery,
Indian Texpreneurs Federation (ITF) said. The export orders are on a medium performance-level now but the orderenquiry for the next quarter is good, ITF convenor Prabhu Damodharan told reporters at a virtual press conference.On the whole, the market situation of textiles is slowly and gradually recovering, even as the impact of COVID-19 is massive and the recovery would be gradual, he said.

Ina-ina

The federation has advised and cautioned its members to scale-up production only after analysing the demand, he said. There was a good opportunity for Indian textile products to enter Japan market in the near future and ITF has spoken to its members and 51 have expressed interest to make products for this promising market, he said

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