Related Keywords: apparel and textile manufacturers, apparel exporters, demonetization, fashion brands and labels, fashion garment exporters’, Indian textile industry, organized textile sector, overseas textile traders, Taiwanese textile companies, textile business in india, textile exports of India, textile importers, textile innovation, textile retailers, Worldex India Exhibition & Promotion, yarns and fabric sourcing
Ms. Arti Bhagat, Director, Worldex India Exhibition & Promotion Pvt. Ltd. said “The organized textile sector has welcomed the decision of demonetization as it would streamline the transaction system which will result in transparent business transaction with overseas traders. The demonetization will affect Indian textile industry in India in terms of purchase of new yarns and fabric from cash payment and is also expected to reduce textile related export orders for a short duration.
