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Language , Updated: Aug 9, 2022, 9:27 PM
New Delhi, Aug 9 (PTI) The trade atmosphere within the monetary 12 months 2022-23 changed into difficult because of the affect of upper costs of cotton, dyes and chemical substances and packaging fabrics within the remaining monetary 12 months, says Sanjay Lalbhai, chairman of textile producer Arvind Ltd. Has took place. However, the corporate is easily situated to stand the unsure atmosphere. Lalbhai stated this in his cope with to the shareholders within the Annual Report of Arvind Limited. Lalbhai stated, “As the present monetary 12 months progresses, our
New Delhi, Aug 9 (PTI) The trade atmosphere within the monetary 12 months 2022-23 changed into difficult because of the affect of upper costs of cotton, dyes and chemical substances and packaging fabrics within the remaining monetary 12 months, says Sanjay Lalbhai, chairman of textile producer Arvind Ltd. Has took place.
However, the corporate is easily situated to stand the unsure atmosphere. Lalbhai stated this in his cope with to the shareholders within the Annual Report of Arvind Limited.
“As the current financial year progresses, we believe that the business environment for your company will remain challenging and uncertain,” Lalbhai stated.
According to the corporate, the upward thrust in uncooked subject material price, particularly cotton costs because of low availability of shares and inflation has put immense drive at the margins of the textile trade.
