Coronavirus impact: Textile companies fear FY21 will be a washout

Most units say there are no orders as retailers haven't resumed operations

Textiles and apparel units are reopening slowly in areas where they have received permissions, but the situation is not very encouraging. Companies like Century Textiles, Gokaldas Exports, Filatex and several medium and small units in Karnataka, Ludhiana and Tiruppur regions have started operations at 25 per cent capacity.
 

R K Dalmia, president of Century Textiles and Industries, said, “While we have started operations at our plant, production of fabric or garments wouldn’t make any sense unless 90 per cent of both domestic and overseas markets open and consumer demand comes back.”
 

“We are eyeing Diwali as the possible opportunity for