Garment sector hopeful of achieving growth in 2021, says industry body

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With COVID-19 making the year 2020 a year of learning and turbulence, the textile and sector is confident of achieving the much needed growth in 2021.


The sector can make 2021 a year of progress by focusing on USA for apparels, as the had benefited from the volumes in the market in the first 10 months of 2020, Indian Texpreneurs Federation (ITF) convenor Prabhu Dhamodharan said on Saturday.



“Now, its time to step up the efforts to repeat the same success in the US market for our products,” he said.


Vietnams Free Trade Agreement (FTA) with the European Union would intensify competition for India, and at the same time a level-playing field with top competing nations for the US market in terms of duty combined with quick economic recovery make a compelling case for Indian sector for immediate growth, he said.


“We need to intensify efforts and focus on all levels, including those at the government, cluster and companies to grab our share in the US markets,” he said.


Stressing on value addition with new capex, he said using the

Auto sales take fast lane in Dec; carmakers see double-digit rise in sales

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Indian automakers replenished stocks before the new year, helping wholesale witness healthy growth.


Inventory was lower than usual for passenger vehicles and tractors, leaving headroom for higher inventory filling in the coming months, industry executives said. They said spillover demand from the festive season and inventory refilling would drive demand for passenger vehicles and tractors.



India’s largest carmaker, Maruti Suzuki India, reported a robust 17.8 per cent year-on-year growth in wholesale for December to 146,480 units. This was aided by a sustained demand recovery for entry-level cars, hatchbacks, and utility vehicles after the festive season. The automaker also replenished inventory at dealerships after improved sales during the Diwali festival in November.


The country’s largest passenger vehicle manufacturer sold 124,375 units in the year-ago period.


Hyundai Motor India recorded the highest-ever domestic December sales at 47,400 units, a 24.89 per cent growth year-on-year, the company said in a statement. Exports rose 58.84 per cent at 19,350 units, making up a cumulative sales growth of 33.14 per cent. The carmaker also achieved the highest-ever single month production at 71,178 units in December. With domestic sales of 4,23,642

One Dead, Nine Missing In Norway Landslide

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Rescuers on Friday found a dead body and continued searching for nine other people, including a toddler and a 13-year-old, still missing days after a mudslide destroyed homes in a Norwegian village, the authorities said.

An entire hillside collapsed in Ask, 25 kilometres (15 miles) northeast of the capital Oslo overnight Tuesday, burying homes or breaking them apart.

“A dead body was discovered in the landslide,” police said without identifying the person.

The police statement said the discovery was made around 2:30 pm Friday as Norwegian crews supported by colleagues from Sweden continued search operations in the snow-covered terrain.

The police published the names of the ten people subject to the days-long search. Eight are adults, one is two years old and the last is 13 years old.





IMAGES Images show damage to houses caught in a landslide as helicopters and members of the Norwegian rescue services search for 10 people still missing. Rescue workers are still searching for survivors of a landslide that destroyed homes in a Norwegian village close to Oslo leaving 10 people unaccounted for, including two children, and 10 injured.
 AFPTV / STRINGER

Norwegian media reported that a medical helicopter and ambulances were at the scene.

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