Chennai: Garment exports from Tirupur dropped to Rs 25,000 crore for the year ended March 2020, from Rs 26,000 crore in the previous year as Covid pandemic wiped away most of March exports. The target was to export garments worth Rs 28,000 crore. Domestic sales were flat at Rs 25000 crore for the fiscal.
British product quality testing firm Intertek Group Plc said on Sunday it had temporarily shut its Hong Kong Garment Centre in Kowloon from Feb. 11 for two weeks after an employee contracted the new coronavirus.
Cambodia, as well as Laos, Myanmar and Vietnam, are being encouraged to improve their production chains to provide added value to their textile products exported to Japan.
The Tiruppur Export Association (TEA) on Friday welcomed the budget allocation of Rs 1,224 crore to the development of handlooms and textiles businesses in Tamil Nadu.
India’s merchandise exports fell for the sixth consecutive month in January while the trade deficit rose to a seven-month high amid rising fears that the novel coronavirus contagion may further dent India’s trade and economy.
Touchpoint textile, a new special show for digital textile printing applications, will make its debut at drupa 2020 in Hall 4.