India'S Urgent Epidemic Situation Has Caused Great Impact On The Textile Industry, And Shutdown Will Be Inevitable

At present, the epidemic situation in India is spreading rapidly. According to foreign media reports, the epidemic situation in India will reach its peak in mid May. Affected by India's epidemic prevention policy, India's cotton mills implemented closed management and reduced the operating rate, resulting in a decline in output. Recently, the operating rate of Indian textile enterprises has dropped from 90% to less than 70%.

Textile income has always been one of the main pillars of India's economy and one of the largest sources of foreign exchange income in India. The textile industry accounts for about 15% of India's total export revenue. However, the textile industry has been greatly impacted by the outbreak of the epidemic in India, and the income of textile enterprises has dropped sharply. If the epidemic situation can not be effectively controlled, the shutdown and shutdown will be inevitable, and the impact will be more serious.