What is the Future of Yarn Industries in India after the Impact of Covid-19?

The yarn industry is a booming sector in India. However, the impact of covid-19 has been drastic for the industry and many smaller companies are struggling to stay afloat. After the spread of covid-19 in 2020, we see that there is a significant decrease in yarn production from mills. This impacts the livelihood of many people across India who work in this industry. There is a small revival going on with companies starting to move away from materials like cotton and wool over to something more sustainable like silk. The virus affected a lot of yarn industries in India , leading to a decrease in production from mills. As a result, many people lose their jobs. A few companies start up again with silk products, but most are forced to move away from cotton and wool materials towards synthetic silk. The country's entire textiles industry is hit hard and loses about $7.4 billion in potential revenues. New Insights of Yarn Industries in India The yarn Industry, which produces a range of ...