India'S Textile Industry Is In Great Trouble.

India

In trouble, for example, the Alok industry has planned to expand its capacity in weaving, knitting and towels, but the chairman of Dilip Jiwrajka said that the capacity expansion plan was shelved, although sales expected to grow by 35%, but the payment came back very late.

By the end of last month, 1/3 of the machines had not been operated.

Almost all leading enterprises, such as Arvind lifestyle brand and ARVIND retail, will slow down this year.

J Suresh, chief executive of lifestyle brand at Arvind, said monthly sales fluctuated between 800 million rupees and 1 billion 400 million rupees.

However, we expect to grow by only 30% this year, compared with an increase of 50% over the past two years.

As of June, India

A decrease of 10.5% to $1 billion 100 million over the same period was due to weak export demand.

According to the data provided by the garment export promotion committee (AEPC), the export period was 1 billion 200 million US dollars in the same period last fiscal year.

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In the field, fabric companies have expanded their production capacity, and now they are depressed because of the slowdown in retail sales.

Rajiv Dalal, executive director of Mafatlal denim business, said many companies have expanded their production capacity.

However, in the past few months, the overall retail sales have slowed down and the denim industry has been affected.

When cotton prices broke through 50000 rupees / candy (356 kg), cotton textile industry was hit first.

Since then, the cotton spinning mill has gone on strike because of the restrictions on the export of cotton yarn.

When cotton prices were corrected, most textile factories were trapped in debt traps.

About 300 textile companies have applied for a restructuring of 35 billion rupees.