Home / Knowledge / News / Apparel/Garments / Ludhiana knitwear industry takes up issues with CM
Ludhiana knitwear industry takes up issues with CM
29
Jun '12
Mr. Vinod Thapar
Mr. Vinod Thapar
The knitwear industry in Ludhiana, a textile and hosiery industry hub in India’s Punjab state, has written to the state Chief Minister Parkash Singh Badal apprising him of the problems faced by the knitwear industry and asking him to take suitable steps for boosting the industry.
 
The knitwear industry in Ludhiana is over one hundred years old and enjoys reverence and status of mother industry of Punjab. In spite of being the major revenue generator, the knitwear industry is facing several problems like shortage of labour, high cost of raw materials and electricity, increase in bank interest rates, etc, Knitwear Club wrote to the CM.
 
“The shortage of labour is impacting the production process and major centers of hosiery knitting industry are virtually in a state of collapse,” Mr. Vinod Thapar, Chairman of Knitwear Club told fibre2fashion.
 
“If such situation continues, the industry’s share in global textile market will be permanently taken away by competitive countries like China, Bangladesh, Sri Lanka, Pakistan and Vietnam. Also, the industry would not be able to meet the robust requirements of the domestic market,” he adds.
 
Talking about high cost of raw materials and electricity, Mr. Thapar says, “The high cost of raw materials is the main cause for India’s knitwear industry losing advantage to its smaller neighbours.”
 
“The unscheduled power cuts and high cost of electricity also hamper the progress and act as an obstacle in meeting the global demands. The recent order of the state government to close the industries twice a week due to shortage of power has baffled the industry,” he avers.
 
In its letter to the CM, the Knitwear Club said at a time when the knitwear industry in Ludhiana is in a financial crunch, the banks have raised the interest rates and have thus created a precarious situation for the survival of the industry.
 
“We have requested the Chief Minister to raise the issue of high bank interest rates with the Central Government and decrease the interest rates, particularly for MSME sector,” informs Mr. Thapar.
 
Briefing about another issue raised in the letter to the CM, he says, “The state government is inviting large textile companies and big brands to set up their production units in Punjab with profit motive. But, it is not providing the facilities similar to those being provided in other states, which is not fair.”
 
“We have requested the Chief Minister to dwell on all the issues raised by us and implement effective steps for the benefit of the knitwear industry at the earliest,” Mr. Thapar said.
 
Knitwear Club in Ludhiana represents more than 12,000 small and medium knitwear/textile units and the Ludhiana cluster plays a major role in catering to the needs of hosiery industry. 
 

Fibre2fashion News Desk - India


Must ReadView All

Maintain NAFTA trucking provisions: AAFA, US trade bodies

Apparel/Garments | On 22nd Nov 2017

Maintain NAFTA trucking provisions: AAFA, US trade bodies

The American Apparel & Footwear Association (AAFA) recently joined...

Vietnam’s textile & garment exports cross $24bn till Oct

Textiles | On 22nd Nov 2017

Vietnam’s textile & garment exports cross $24bn till Oct

Vietnam earned $24.372 billion from textile and garment exports in...

Karl Mayer unveils TMJ 4/1-T terry warp knitting machine

Textiles | On 22nd Nov 2017

Karl Mayer unveils TMJ 4/1-T terry warp knitting machine

Karl Mayer, a technology and market leader in textile machinery from...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search