Insurance for Textile Companies
India is known for its textile and garments, the world over for centuries.
As one of the biggest markets and manufacturing hubs for readymade garments and textiles, like any other country involved in this specific sector, India too faces risks that are entirely different from other manufacturing setups. Fast changing fashion makes it a business that is extremely time bound. It is a logistics heavy business; right from procuring raw material from various locations to processing, value addition, making a finished product, packing and supply. The trade is mainly dependent on credit which creates complexities as well.