INDIAN KNITWEAR SECTOR STRUGGLES TO COPE WITH COVID-19 FALLOUT
July 2nd, 2020
The Indian knitwear industry, a sector that exported USD7.5 billion’s worth of apparel in the financial year ending March 2020, according to the country’s directorate general of foreign trade, is undergoing severe stress induced by the Covid-19 related lockdown and resulting collapsing demand.
Speaking to KI in early July, Raja M Shanmugham, president of the Tirupur Exporters Association, representing a major knitwear hub, said: “The past three months [since an Indian lockdown that started March 24] totally crippled the industry and we are now limping ...
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