Second Covid wave unlikely to severely impact textile sector: Ind-Ra
Second Covid wave unlikely to severely impact textile sector: Ind-Ra ANI | Updated: May 19, 2021 15:07 IST However, a sustained export demand, learnings from the first wave, stronger balance sheet and liquidity compared to 4Q FY20 when the first wave struck the economy will enable the sector credit profile to remain stable in FY22. Ind-Ra said the supply chain has been impacted by local lockdowns imposed at key textile hubs like Tirupur, Ludhiana, Surat and Bhilwara. The restricted movement of goods means non-availability of inputs such as yarns and fabri...
Source: aninews.in