Apparel industry could lose Rs 1 trn due to lockdown, say manufacturers

The country's apparel industry could take a hit of around Rs 1 trillion due to the lockdown and the slowdown in the economy later, says the Clothing Manufacturers Association of India (CMAI). 

It has requested the government to consider both wage subsidies and working capital support. Around a fifth of its 1,500 members have indicated in a survey by the Association that they might have to close down, for lack of resources. 

CMAI’s members employ around 400,000 people. The survey says there could be a drop in demand after the lockdown of at least 40 per cent.