Summary:
NOIDA: Businesses worldwide have been battered by the Covid-induced economic crisis, but for the garment exporters in Noida and Greater Noida these are the worst of times.
They claim to be fast losing business to Bangladesh, Sri Lanka and Vietnam — “over 20% orders have already been diverted to these countries”.
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NOIDA: Businesses worldwide have been battered by the Covid-induced economic crisis, but for the garment exporters in Noida and Greater Noida these are the worst of times.
They claim to be fast losing business to Bangladesh, Sri Lanka and Vietnam — “over 20% orders have already been diverted to these countries”.
With most factories now left with 40-50% workers, the Noida Apparel Export Cluster (NAEC) has claimed that international buyers are placing orders with other Asian countries.
Some apparel manufacturers have been making PPE kits as a stopgap measure, but exporters claim they cannot sustain without major international orders.
Noida and Greater Noida together have around 3,000 garment manufacturing units.
“Most migrant workers left the city during the panchayat polls, while some left during Eid.
Now there are more Covid cases in the villages and people want to return.
But worker capacity in most factories has gone down to 40-50%.