Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at email@example.com in case you need any other additional information.
The losses are unlikely to be passed on till the short term. However, lower working capital requirements and reduced raw material costs could improve the margins of the man-made fibre industry in the medium term. Lower raw material availability (purified terephthalic acid) from China amid the COVID-19-led disruptions could lead to a steady increase in domestic prices. The fabric industry registered a marginal improvement in exports in the first ten months of the last fiscal, coupled with lower raw material costs and increased export demand from Bangladesh and other countries. However, beginning February, the industry is facing a downfall with reduced domestic demand, leading to inventory pilling up. The fabric industry is dominated by few players which have strong liquidity to manage the downside caused by the novel coronavirus, while small and medium players would face the brunt of the lockdown. Indian readymade garments players have been hoping for a revival in demand and shift of orders from China since the start of pandemic. However, with the spread of coronavirus in Europe, demand and orders have been reduced from major retailers. While the Indian government has extended the scheme rebate of state and centre levy of taxes from April 1 to boost liquidity and competitiveness of these players, many buyers are going bankrupt because the lockdown and closure of stores has resulted in a fall in exports. For the last fiscal ending March 31, the margins of players are expected to be affected by 120-150 basis points and credit metrics to moderate with pressure on liquidity and higher working capital utilisations. The home textiles industry has also been hit by the pandemic with shipments being held up and bleak certainty of operations resumption in the short term. The industry is dominated by a few players, which have sufficient liquidity to meet the tough times; however, any larger-than-expected impact of coronavirus would prove harmful for the industry, Ind-Ra said in its report.
Fibre2Fashion News Desk (DS)
| On 19th Sep 2020
Goldman Sachs has said US firms in only specific industries are...
Sri Lanka’s earnings from textiles and garments exports decreased by...
Avery Dennison Corporation Fastener Solutions has unveiled a tag...
Maa Tex Speciality
‘We suggest reducing dosage of sizing chemicals to reduce sludge...
Zenitex Mill Pvt Ltd
Full of green energy
The foremost issue is bridging the skill gap
Manila-based CustomThread is a start-up offering premium custom apparel...
With the support of the first investors - Finland's Technical Research...
The China Textile Machinery Association (CTMA) is a social-economic...
Pranesh Sridharan & Berndt Koll
The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
The creations by Aprajita Toor were born out of a deep desire to create...
Whistling Woods International School of Fashion
<div>A lack of upgraded courses in costume designing and fashion as per...
Rajesh Pratap Singh
Rajesh Pratap Singh
<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.