Industry to see growth in H2 2021: Kulin Lalbhai
Kulin Lalbhai, Executive Director, Arvind Limited believes the industry will start seeing growth in the second half of 2021, compared to the second half of 2019, when sales were at normal levels. He believes, complete recovery for the industry depends on customers feeling safe in stepping out and social interactions returning to pre-pandemic levels.
Lalbhai said, the industry is witnessing around five to six per cent growth with each passing month with formal and occasion wear now seeing a comeback. He expects a further traction in occasion wear in Q1 of the next fiscal as the wedding season picks pace.
On manufacturing front, Lalbhai expects the higher cotton and yarn prices to be passed on to customers if the pressures don't ease in the next few months. He added that the supply chain bottlenecks which is industry is also dealing with s due to the sudden spike in demand, is likely to continue for a few more months.
