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Global supply chain to shift, low imports from China will benefit: Raymond

Raymond is also looking at long-term funding and alternate working capital availability to manage liquidity as business restarts with gradual easing of lockdown

Raymond
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Raymond said its suiting and shirting fabric manufacturing units continue to remain shut due to subdued demand

Press Trust of India New Delhi
Homegrown textiles and apparels major Raymond expects to reap the benefits of likely low imports from China in view of the Covid-19 pandemic, the company said in a statement on Tuesday.
It is also looking at long-term funding and alternate working capital availability to manage liquidity as business restarts with gradual easing of lockdown.
Disclosing its current status of operations post lockdown, the company said commodity prices have softened due to the pandemic. This would lower the input costs and support the overall profitability this fiscal.
Easing of commodity prices such as of cotton and wool are likely to benefit the company going

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First Published: Jun 30 2020 | 3:15 PM IST

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