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Powerloom sector to go for 20-day-long vacation
19
Oct '10
Buoyed by overproduction and boost in the prices of yarn, the weavers from Surat, the biggest man-made textile center of India, have decided to go for a long Diwali vacation. Generally, the powerloom sector has a 10-day-long Diwali vacation. But this year, the weavers have collectively taken the decision to extend the vacation period in order to tackle the issues of excess production and increased yarn prices.

There are 7,00,000 powerlooms in Surat which are used for weaving 25 million metres of grey fabric every day. The textile traders buy the grey fabrics and send them to the various processing houses for dyeing and printing.

This time, the demand for finished fabrics has been recorded at an all-time low due to the rise in temperature and the floods that have affected most of the north Indian states during the monsoon season.

The spinners producing polyester yarn have raised the prices of yarn between Rs 2 to Rs 5 per kilogram as a result of the rise in petroleum products, which is one of the major raw materials used in polyester yarn manufacturing.

The weavers have taken a collective decision to slow down the production of grey fabrics and go for a 20-day-long Diwali vacation starting from 25th October. There is excess production of grey fabrics and the weavers have been anticipating a hike in business during the festive occasion of Diwali. But things have gone against the expectation. The spinners have also raised the yarn price which has forced the powerloom weavers to prolong the vacation.

Fibre2fashion News Desk-India

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