High raw material price hurts textile units in Amritsar
The textile industry in Amritsar is facing a challenge of high raw material cost and low demand due to the current situation of Covid-19.
Amritsar
The textile
industry in Amritsar is facing a challenge of high raw material cost and low
demand due to the current situation of Covid-19.
As there has been an increase in the price of the products by yarn
spinners and manufacturers of dyes and chemicals, the cost of textile
manufacturing has also increased. The prices of products have been increased by
50 to 100%. More than 1000 textile units are there in the district that are
engaged in manufacturing blazers, blankets, shawls, tweed, shirting, and
suiting. More than thousands of skilled and unskilled workers are given
employment.
The textile industry stands second after agriculture
in terms of providing employment. The industry is battling the crisis posed by
demonetisation and GST. The demand for
textiles has been adversely affected due to the rise in the prices of the final
product because of the increase in prices of input costs on raw materials like
dyes, chemicals, and yarns.
As per Kamal Dalmia, running a yarn processing unit for the past
many years, China is a major exporter of the ingredients that are used in the
manufacturing of the final products in the textile industry. China also offers
these products at a reasonable price.
As per Deepak Bajaj, operating a unit of dyeing and printing of
textile, the prices of dyes and chemicals have increased by 25 to 30% now.
Source – The Tribune
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