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J&K value-added wool industry goes under
May '10
The inability of the value-added wool industry to process the raw wool produced in the state of Jammu & Kashmir, has resulted in 5.8 million tons of raw wool being sold outside the state at low prices.

At the same time, while only Rs 20 million is generated from exports of raw wool, the state in turn buys Rs 60 million worth of finished wool goods from other states.

According to experts, the main reason for this is that, private and state-owned woolen factories have turned sick and have either closed down or are running partially.

They are also of the opinion that, since the state has a long period of cold weather, if the government makes it mandatory for government agencies to source uniforms from local manufacturers, it would help the domestic wool manufacturing sector.

Apart from which, they add by saying that, it would create employment opportunities for thousands of unemployed youth in the state and also aid the development of wool processing sector in the state.

Fibre2fashion News Desk - India

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