Fluctuating yarn rate trouble Ludhiana producers
The textile and garment producers in Ludhiana are relieved with the easing of lockdowns but with the fluctuating rates of yarn, they are worried. Yarn is the biggest raw material in the industry.
Ludhiana
The textile and
garment producers in Ludhiana are relieved with the easing of lockdowns but
with the fluctuating rates of yarn, they are worried. Yarn is the biggest raw
material in the industry. According to Radhe Shyam Ahuja, Bharatiya Vyapar
Mandal, Senior Vice President, the price of yarn has increased by 64% in the
last one year. The cost of each kilogram of acrylic yarn has increased by Rs
110 in the last few months. This rise in price can be seen in both PC yarn and
cotton yarn. He also added that this increase in the yarn rate has affected
yarn traders and the general public other than the industry itself. He also
said that the industry members have warned the central and state governments
about this issue hoping to get a solution soon.
As per Vinod
Thapar, Chairman, Knitwear Club, there is a huge drop in the demand over the
last few months due to fake production and this situation is beyond
understanding. He said that the rates should have shot up which means that this
is a man-made situation. The garment makers are trying to find ways to absorb
the price shock and clear the stock that got piled up during the lockdown.
As per Hemant
Abbi, Executive Member, Moti Nagar United Factory, the costlier yarn is a
troublesome situation. As the members could not bear the losses, many of them
have shifted to trading instead of manufacturing. He added that the rates of
yarn are not justified and the government is also not doing anything about the
same. Overall the yarn flux has become a riddle and is giving headache to the
textile producers in Ludhiana.
Source – The Times Of India
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