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Textile units halt production
Financial Express Lucknow
|August 27, 2025
WHILE WINTER orders are few, the exporters of apparel are sitting on spring orders that are shipped between October and December.
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The buyers are asking for a 30% discount to level the prices with competing countries which have 20% tariffs in the US, secretary general of Apparel Export Promotion Council Mithilishwar Thakur said. "The exporters may take that 30% hit for a few months to retain relationships with buyers and keep their workers engaged but unless some kind of a solution is found the layoffs may start," Thakur added.
Cette histoire est tirée de l'édition August 27, 2025 de Financial Express Lucknow.
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