Home / Knowledge / News / Textiles / UP hosiery industry caught in trouble tangle
UP hosiery industry caught in trouble tangle
17
Jul '10
The hosiery industry in Uttar Pradesh, which is the third largest centre of hosiery manufacturers, is dealing with a number of problems such as raw material price hike, financing woes, power crunch and an increase in employees' dearness allowance. Such issues are likely to halt the operations of the industry across the state.

Yarn prices have grown up almost by 40 percent in past couple of months, which have compelled the traders to postpone the orders as demand in domestic market appears to be shrinking. Yarn is the key input for hosiery manufacturing.

It seems that the market has not absorbed products' price hike comfortably, which has been increasing by around 15 percent. Consumers have tightened their belts due to inflation of prices, of essential commodities. The manufacturing units could never attain their production capacities because of irregular power supply in the state including Kanpur, which is the largest hosiery manufacturing centre in the state.

The industry entrepreneurs pointed that, the state government has not asked them to make arrangements on personal level for power generation or for buying it from private companies like Torrent, Tata or Reliance. Such conditions are gradually destroying the basic infrastructure of the city, which houses the country's third largest hosiery manufacturing centre.

Around 1,500 small and medium hosiery manufacturers in the state especially in Kanpur, Varanasi and Saharanpur are getting affected due to financial issues.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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