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Prospects for the Home Textile Sector to achieve the target set this year is extremely difficult despite the fact that the Industry had opened up entirely after the second wave of the Covid-19 Pandemic. The Home Textile Sector mainly comprises MSMEs. The Government of India has been highly Supportive. It has announced several measures like CGS, Loan Restructuring Measures, Moratorium, Deferment of interest Payments, ECLGS as well as CGTMSE for MSMEs on account of the impact of Covid -19 Pandemic.
Amit Ruparelia, Convener of Made-Ups Exporters Forum, stated, "The main reason for the problem to achieve the target has been spiralling cotton yarn prices. Post the
second wave of the Pandemic, there had been very good all-around demand for Value Add Products such as Home Textiles, Apparels and the sector was fully geared up to
meet the demand; however, during the same period, the millers started increasing the prices for Cotton Yarns even hough the Raw Cotton prices were stable and at a later stage the cotton price too rose tremendously affecting the business of entire value chain segment.
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