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 firstname.lastname@example.org in case you need any other additional information.
“The knitwear export sector has been passing through a challenging business environment further to implementation of GST and this could be apparently witnessed from the continuous declining of knitwear exports on a month-on-month basis since October 2017, after three months transition period is over and the declining of exports for the second half yearly period of 2017-18 was 21 per cent,” TEA president Raja M Shanmugham said in a press release.
“The most worrying factor is that the negative trend in exports growth is continuing in the current financial year also and the average decline of knitwear exports in the month of April and May was 34 per cent,” he added.
The knitwear sector has now started receiving the orders after a prolonged one year lull, and increase in yarn prices at this point of time would derail the industry, Shanmugham said. “The aftermath effect would be severe as not only the knitwear garment sector will get affected but also there will be a boomerang effect on the textile mills.”
Shanmugham has already met Union minister of textiles Smriti Irani and requested to mandate the Cotton Corporation of India (CCI) to ensure availability of sufficient quantity with desired quality cotton to protect the interest of farmers, textile industry and also employment.
The increase in cotton prices has made the textile mills to increase the yarn prices which ultimately affect the downstream value added sectors like weaving, knitting, garmenting, madeups etc., particularly value added exporters as they could not revise the price upwards immediately as the prices were fixed more than three to five months ago. (RKS)
Fibre2Fashion News Desk – India
| On 25th Nov 2020
Bangladesh's Export Promotion Bureau recently reduced the service...
| On 25th Nov 2020
Cambodia's Logistics Business Association (LOBA) and the European...
The Japan External Trade Organisation (JETRO) and Chittagong Chamber...
Athleisure is the current buzzword in fashion
Indian textile value chain
'One nation, one tax' is a great concept
Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli
‘The percentage share of printing in the global textile market is pretty...
Since its inception in 1953, Orta Anadolu has been weaving a denim...
The Sleep Company was established to upgrade the sleep quality of every...
Sandip Bhojani, Manthan Patel
Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Sameer Sonkusale & Rachel Owyeung
A team at the Tufts University in Massachusetts was recently in news for...
Dieffenbacher India Pvt Ltd
Germany-based Dieffenbacher Group is a producer of high-quality composites ...
Label Ritu Kumar
‘Classics will return’
"There are a lot of people wearing western clothes ...
A Humming Way
A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...
Divvya and Nidhhi Gambhir
<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...
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.