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Rising Yarn Prices In India Lead To Closure Of Garr Knitting Enterprises In Ban

2010/6/29 14:25:00 54

Yarn

Knitting industry is knitted in Bangladesh, India yarn Price anomalies and the impact of reduced supply. These problems force many enterprises to stop production.


KB Agarwala, a member of the India knitwear manufacturers association (FOHMA), said that the shortage of knitted fabrics is a fatal blow to some sectors, such as bleaching, dyeing, cutting and sewing factories, which will eventually affect about 150 thousand workers.


Agarwala said at a press conference, since November 1009, knitted yarn Prices have skyrocketed. But the industry is getting worse and worse, and a few knitting factories in ban Garr area have been closed.


The price of yarn in October 2009 was 140 rupees / kg, and now it has risen to 195 rupees / kg, or 40%. With price surging, price turbulence and yarn Supply shortage has become a major problem. He said yarn prices have risen 22 rupees / kg since April of this year.


60% of the national socks Market in India is in the class Garr area, and some of the knitting factories here have fallen by 40-50%. The associations asked the federal government to review the current situation. However, so far, the government has not taken action to solve this problem. Only a quick investigation has been carried out by the office of the textile Commissioner's district.

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