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| Top Stories >> Olympics put textile industry in a spin |
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| Olympics put textile industry in a spin |
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| The chemicals used in cotton and textile industries are either not available in India or are available at high rates. And this has shot up the input costs in the garment manufacturing industry by more than 25 per cent in the past two weeks.
President of the Ludhiana Knitters’ Association Ajit Lakra told The Indian Express that while the escalating cotton prices were already a problem, the Chinese government’s decision has added to their woes. “Polyester and cotton dyes are among some of the chemicals that come from China and are three times cheaper as compared to the products available here,” he added.
Beijing, its neighbouring Tianjin, and the provinces of Hebei, Inner Mongolia, Shanxi and Shandong, have been asked to cut emissions under a plan approved by the Chinese cabinet.
“This means that the finished goods in India will cost more to the industry, which is already suffering due to successive governments’ apathy,” lamented a hosiery manufacturer.
Rajat Sood, general secretary of the Ludhiana Dyeing Association (Cotton Division), said the Central government has done nothing to bail out the industry. “If the Chinese industry faces any crisis, it directly impacts us,” he added.
Another hosiery unit owner, Harsh Kumar, said the ferrous sulphate that he used to buy at Rs 3.5 per kilogram from China was available at Rs 18 per kilogram here. “But we cannot increase the cost of finished products owing to the cut-throat competition in the international market,” said Kumar.
According to Vinod Thapar, president of the northern chapter of Knitwear Club, a meeting of majority of the textile owners has been called to discuss the problem and the Indian government would also be apprised of the impact of this shortage on the economy.
“The government stands to lose if our profits dip due to the shortage,” said Thapar.
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Apparel units’ owners, workers protest against yarn shortage
