Demand down 30% since demonetisation: Raymond Chief

Hit by demonetisation Indian textile major Raymond has seen 30 percent decline in demand over 3-4 weeks, said CEO Sanjay Behl. In an interview with CNBC-TV18, he pointed out that demand is improving gradually as liquidity gets restored at all levels. However, the company's Rs 280-crore capex might have to be deferred. The new Amravati plant will be on hold due to liquidity requirement, he said.Watch video for more...