Manufacturing

'In Next 4 to 5 Months Only Half of MSMEs can really make a Comeback in Clothing Manufacturing'

As per the WTO, India is ranked as 5th largest exporter of Ready Made Garment in the world. As the COVID 19 pandemic has also affected the majority of India’s export market (the US and EU together constitute for approximately, 60% of the total apparel exports from India in value terms), causing order cancellations/deferral of order leading to inventory build-up and expectation of slower realisation of export receivables leading to higher working capital requirements. In an exclusive conversation between  Mr. Kapil Pathare, Director of VIP Clothing and Faiz Askari, SMEStreet, some key insights related to manufacturing and garment manufacturing were discussed.