Srinagar: Cotton yarn suppliers have started getting export orders after a sharp dip in trade in recent weeks and leading textiles company has begun producing highly sought after products like face masks, all over bodysuits and shoe covers for medical purposes.
“Production of many more health products, categorised as ‘essential goods’ is underway and this has been made possible by necessary initiative and help from the Government of India”, Dr Rikhab Chand Jain, Chairman of New Delhi based TT Limited, an integrated textiles company, said in a statement to Kashmir Observer.
“We are diversifying in export- import trade to pick up such opportunities as they arise during such crisis period instead of sticking to and waiting for our garment business and textiles business to pick up and recover totally” Dr Jain said.
“We have been successful in making some export out of available stock even during the lock down period. We are contacting our debtors to help us in this period of crisis by remitting to us as much money as they can and as soon as possible so that our financial status remains solid”, Dr Jain said.
“We have assured our creditors and we have already started making payments to them and soon we would be able to make most of the pending payments as some foreign payments are in the pipeline as some documents pertaining to inwards foreign remittances are available with us and in a few days’ time we will present the same to our bankers. You would be glad that our bankers are helping us a lot during such crisis period by accommodating us and fulfilling our requirements as per Government of India and RBI guidelines and we are sure that we would be able to cross through this crisis period strongly”.
TT Ltd has started manufacturing at Gajroula (UP) and producing health products like masks,all over bodysuits,shoe covers for medical purposes (categorised as “essential goods”) and besides other health products with the help of the local administration and Government of India, Health Ministry as well. “We are diversifying in export- import trade to pick up such opportunities as they arise during such crisis period instead of sticking to and waiting for our garment business and textiles business to pick up and recover totally” Dr Jain said.
“Our factory in Gajroula is likely to start very soon to produce normal products as the government is allowing as we have most of the workers inside the factory campus. Similarly, we would be able to start manufacturing activities at our Gujarat factory from 20th April, 2020 with workers staying in house campus and we have received export orders for good numbers of containers for yarn exports”, he said.
Giving an update of his company during pandemic crisis period, Dr Jain said: “You would be glad to know that I have personally assured all our employees, workers, staff and ex- employees that if they require any additional help in this crisis period, we would be able to offer them all the possible help till the crisis last. They should remain safe and should not face any crisis because of lack of money in their hand”.
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