While Bata India has stalled plans to open any new store in the next 3-6 months, the footwear maker has invested in expanding its product portfolio to stay relevant. The company recently launched new verticals such as Work-From-Home range with slip-ons and sandals, a collection of washable footwear, and anti-viral masks for adults and children.
"Acute shortage of manpower during lockdown has caused significant damage to millions of growing worms. Over 50% is dead. On the other side, plantations have badly suffered due to lack of maintenance and cyclone. We are apprehending immediate loss of more than 60% downfall in production," said raw silk farmers. Silk in Assam is also under equally grim situation.
According to the submission made to the textile ministry and ministry of commerce and industry, the apex body has suggested a short-term duty on imports of both readymade garments and fabrics from all countries, including those with who India has zero-duty agreements.
Yarn exports fell between 80-90% in April and about 30% during the quarter ended March as imports by China, which accounts for a third of India’s yarn exports fell as garment units there shuttered. Imports by Bangladesh, which accounts for nearly a fifth of India’s yarn exports, also declined, according to a Crisil Research report.
Keeping in view the huge demand of face masks during the global Covid-19 pandemic, the KVIC has developed double layered and triple-layered Cotton as well as Silk face masks respectively, KVIC said in a statement on Thursday.
Von Wellx, owned by Casa Everz Gmbh, has announced the shifting of its entire production in China.
"The cost of manufacturing a doctor-grade PPE kit could be around Rs 430 per unit; but this is retailed at around Rs 800 to Rs 900," says a Delhi-based electrical wires & cables trader who shifted to supplying PPE kits. "Some manufacturers have made lots of money making PPE kits… they've had superb margins – enough to last them for many years," he added.
Sector demands that the apparel export industry should be treated at par with MSME sector. Domestic exporters have a huge pile-up of inventories because of lockdown in several countries. The industry is one of the largest employers of the country employing 12.9 million people directly.
“About 15-20% of the over 8,000 apparel exporters in the country have resumed operation with 25-30% of their workforce,” said Narendra Goenka, managing director of Texport Industries and vice-chairman of Apparel Export Promotion Council (AEPC).
Indian textile manufacturers, who lost almost their entire summer exports business, are now flooded with enquires about immediate supplies of at least 500 million non-surgical fashion masks from leading apparel brands of Europe and the US.
The government has allowed garment units, among the largest employers in Bengaluru, to operate with one third of their workforce. They should have, however, been registered with apparel export promotion council (AEPC). The Industries department is also working with them to get them to make face-masks in large numbers as it is now mandatory for members of public to use masks, but not surgical masks.
She cited example of making PPEs for doctors and other healthcare personnel in the last one-and-a-half months.
With the right moves, the likes of Bihar and Odisha can leverage the Covid crisis into an opportunity.
The government had recently allowed certain industrial activities other than in the containment zones to operate, while relaxing the COVID-19 induced lockdown in the state.
With automation now creeping in processes like zari and embroidery as well, there is a need to calibrate the skill requirements in alignment with such developments. This value creation for workers can potentially catalyse the ongoing efforts to provide a universal social safety net, safe working environment and decent income levels.
Further, the domestic demand as a discretionary product is expected to pick up gradually in Q2 FY21, but will be lower than a normal year demand, it said. For FY21, the rating agency expects the textile players to record a substantial fall in their topline and operating profits.
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