Home / Knowledge / News / Apparel/Garments / Indian apparel sector joins the nation-wide strike, today
Indian apparel sector joins the nation-wide strike, today
19
Nov '10
The apparel sector, which is India's one of the leading exporters, is on strike today. Textile and apparel manufacturers as well as exporters, who earn over Rs 500 billion every year through their exports, have joined the nation-wide strike in order to project their difficulty which has been caused due to the unexpected hike in prices of raw materials.

According to Premal Udani, the chairman of the Apparel Export Promotion Council (AEPC), the all-India strike is likely to witness the production process in Bhiwandi, which is Asia's biggest handloom cluster, come to a halt. Besides, the manufacturing activity in the hosiery sector in West Bengal and textile as well as apparel industrial agglomerations in Delhi and NCR region, Ludhiana, Ahmedabad, Coimbatore, Tirupur and Bangalore are also likely to stop temporarily.

According to the AEPC, a rise in price of 40s combed cotton yarn for hosiery, which is used widely in the industry, has been noticed. It increased from Rs 185 per kg in August to Rs 240 per kg. Because of this, even the fabric prices have also gone up by 38% to 90%, thereby raising the prices of apparels. The manufacturers are looking forward to the government in order to intervene into the matter and control the prices of cotton and yarn.

Udani further added that the future of the Indian apparel sector is in danger and if necessary measures are not taken, millions of workers in India will lose their jobs. The AEPC looks forward to the government to immediately rationalize the prices of cotton yarn by regulating exports and other actions.

The apparel industry engages 35 million people and is one of the most labor-intensive sectors of the country. In order to reduce the yarn prices in the country, the AEPC has requested the government to impose a restriction on the export of yarn for 60 days.

Fibre2fashion News Desk-India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Sonia Agarwal
Whitenife

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

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

July 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

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

Yes No

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

Yes No

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


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



X