Indian apparel firms gear up to face COVID-19 impact

Many Indian clothing models, e-commerce companies and textile bodies have geared up to confront the affect of the COVID-19 pandemic by utilizing actions, which include ‘work from home’ alternative for employees, ensure correct interaction connected to the new coronavirus, evaluating earlier income targets. Most market experts experience it is much too early to undertaking or forecast.

Coimbatore-dependent Indian Texpreneurs Federation (ITF) is taking actions to get extra market place details from associates and share with entrepreneurs to make it possible for them to consider a simply call on manufacturing, its convenor Prabhu Dhamodaran told Fibre2Fashion. He feels much better recognition on the developments will reduce the worry.

Potential buyers from Europe and the United States are either postponing or cancelling orders. Apart from that there is a doing the job capital lack due to liquidity troubles in the market place due to present crisis, Dhamodaran claimed.

One-time restructuring of loan

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