Home / Knowledge / News / Textiles / Textile hub hit by low fabric production
Textile hub hit by low fabric production
02
Jan '10
In the wake of low demand and the growing prices of raw materials, weaving unit processors in Surat have been compelled to scale down production of synthetic grey fabric by 20-30 percent. Sales turnover of the industry has reduced almost to half, in recent days.

Production of synthetic gray fabric from the textile industry in Surat which has a turnover of Rs. 300 billion, has been reduced by 10-15 million meters per day in Surat, which used to weave 30-40 million meters of this fabric per day. Volume of fabric, generated by around 40,000 small and big textile merchants used to be of Rs. 1.1 billion per day. But demand fall, shrunk this volume to Rs. 0.5-0.6 billion a day.

Manufacturers of this fabric are deeply impacted by the price hike in raw materials, as many of the power-looms out of around 800,000 established in and around Surat shut down night shifts, while rest of the others have kept their units closed for a day or two.

Annual turnover of the industry from synthetic finished goods accounts for more than Rs. 300 billion.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pyrates Smart Fabrics

Textiles | On 16th Jul 2018

Spain's Pyrates Smart Fabrics targets Asia, S America

Spain-based Pyrates Smart Fabrics, whose major markets are northern...

Bangladesh to modernise 3 jute factories to boost sector

Textiles | On 16th Jul 2018

Bangladesh to modernise 3 jute factories to boost sector

The executive committee of Bangladesh’s National Economic Council...

Courtesy: Asda

Apparel/Garments | On 16th Jul 2018

J Sainsbury agrees to £3.5 bn financing for Asda merger

J Sainsbury plc has agreed for a financing package of £3.5 billion in ...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Lynda Kelly
Suominen Corporation

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search