Study paints grim picture for garment sector with likely job cuts, closures

74% of its respondents see a 90% drop in sales for the quarter ending June 2020

Around 95 per cent garment makers expect to resume operations at less than 50 per cent of their production capacity amid coronavirus pandemic, says a survey. Among this lot, 68 per cent of the respondents anticipate using less than 25 per cent of their production capacities in the next 3 months.
 

The survey by the Clothing Manufacturers Association of India (CMAI) reflects the crisis the industry is going through, with 74 per cent of its respondents seeing a 90% drop in sales for the quarter ending June 2020. An additional 13 per cent indicated a drop of more than 75