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Ludhiana: The rapid rise in the rates of yarn is hitting the garment and textile industry hard, as it has led to an increase in their production cost. According to businessmen, the rate has increased by 30% to 40% and if both the Centre and the state government did not intervene at the earliest, they would be in dire straits.
Hemant Abbi, executive member of the Moti Nagar United Factory Association, said, “The rate of yarn used in shawl manufacturing has increased by more than Rs 150 per kg in the past few months. Acrylic yarn, which is mostly used by our industry, earlier cost Rs 240-Rs 250 per kg, but now its price has shot up to Rs 370 per kg. Despite such huge increase in our cost of production, we have not increased the rates of our products and are absorbing the losses rather than passing them on to our customers. Our repeated attempts to convince the yarn manufacturers to drop the rates have failed. They blame the rise on the increase in the rate of the raw material ....

Sanju Dhir , Hemant Abbi , Ludhiana Woollen Manufacturer Association , Moti Nagar United Factory Association , சஞ்சு தீர் , ஹேமண்ட் அப்பி , லூதியானா கம்பளி உற்பத்தியாளர் சங்கம் , மோதி நகர் ஒன்றுபட்டது தொழிற்சாலை சங்கம் ,