NEW DELHI: Shipments worth US$3 billion are at stake for India's apparel exporters, following order cancellations and payment delays amid the coronavirus pandemic, according to a survey.
The key findings of the poll, by Rajesh Bheda Consulting (RBC), are that the combined value of orders cancelled and on hold is US$1.49 million per factory, which is the equivalent of US$4.17 billion nationwide.
It concluded that the pandemic was posing the Indian apparel export community with unprecedented liquidity challenges, putting the livelihood of 12.9 million garment workers at risk.
