Thursday, July 25, 2024
spot_imgspot_img
spot_imgspot_img
HomeNews & ViewsIndia quickly appeared as the second biggest exporter of medical textiles.

India quickly appeared as the second biggest exporter of medical textiles.

maskIn a webinar, Sakthivel, President of the Apparel Export Promotion Council (AEPC) said that India quickly emerged, due to the COVID-19 crisis, as the second biggest exporter of medical textiles. Medical textiles are sometimes referred to as healthcare textiles as part of scientific textiles. The global medical textile industry in 2018 is estimated to hit 23,752.66 million dollars by 2025, according to estimates.

Sakthivel also said multinational corporations are interested in moving their investment from China to India because of Coronavirus. This will open up new dimensions to India and the country will be able to collect several million dollars from Europe, Australia and America. Greg Ruggles, CEO for Several Company Firms, acknowledges that clothing companies are searching for ways to switch from China to other countries due to the divergences between the US and China.

He says India is able to produce various kinds of textiles. The online company has provided anyone from small retailers to clothing producers with an international forum. The Council has so far trained and employed 12 lakh people across India in the garbage market, according to Roopak Vasishtha, CEO, CDG, Apparel Made Ups & Home Furnishing Sector Expertise Council (AMHSSC). This work is still in progress. The Council aims to recognize migrant workers who have returned to their hometowns to obtain expertise and to register them with the qualification scheme of the government.

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
Sign Me Up
- Industry Associate - spot_img

Upcoming Events

Simillar News

Recent Random

Fineotex completes successful fund raise of Rs. 342.55 crores through Preferential Allotment

Fineotex Chemical Limited (“Fineotex” or the “Company”), a leading specialty chemical manufacturer, announces the successful fund raising of INR 342.5 Crores through a preferential allotment of equity shares and convertible warrants.The fund-raising was executed in two distinct phases:Phase I: The Company...

Full transparency through physical and digital traceability in textile production and recycling

New legislative initiatives and directives such as the EU Deforestation Regulation (EUDR), the U.S. Uyghur Forced Labor Prevention Act (UFLPA) and the EU Ecodesign...

Standing United Against Violence: Bangladesh RMG Sector’s Commitment to Peace

In light of the current political crisis in Bangladesh, we want to reaffirm our commitment to neutrality and peace. Our Ready-Made Garment (RMG) industry...
Get hand picked industry updates delivered straight to your inbox
Sign Me Up

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE