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India's textile industry has been hit hard by the cancellation of orders to Chinese companies

Categories:Company News
Author:David Deng
Origin:Suze Textile $ Clothing Co., Ltd.
Time of issue:2021-05-06 13:59
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(Summary description)

India's textile industry has been hit hard by the cancellation of orders to Chinese companies

(Summary description)

Categories:Company News
Author:David Deng
Origin:Suze Textile $ Clothing Co., Ltd.
Time of issue:2021-05-06 13:59
Views:

Information

Indian textile industry is in crisis

According to recent Indian media reports , because the epidemic subsidy from the Indian government to the Indian Garment Manufacturers Association has still not been paid on time , the association said that if the subsidies can not be received on time .The textile and garment industry market was expected to continue to grow to 10.32 trillion rubles , equivalent to RMB 8 9 1 . 1 billion yuan
The news from trade unions almost alarmed the world over the positive impact of government forecasts. Such a huge drop sent the textile industry "unable to guarantee timely delivery ", resulting in the cancellation of large orders from India, which lost orders from India to China. According to China's textile industry, orders for clothing manufacturing are now in line for May next year, and China's textile industry is the only winner behind the crisis in India
The current crisis in India's textile industry is believed to be repeated in other industries in the near future. The wrong epidemic management policy has laid many hidden dangers for the current development of India, and as the problems continue to emerge, Perhaps India will lose not only textile orders, but also India's entire industrial structure.

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Next: General Administration of Customs: US $65.1 billion for national textile and clothing exports in the first quarter