Home / Knowledge / News / Textiles / Surat weavers sleepless over soaring yarn prices
Surat weavers sleepless over soaring yarn prices
24
Nov '10
The unprecedented rise in raw material prices is giving sleepless nights to the entrepreneurs in the textile hub of Surat, Gujarat, doe to which several small firms without adequate financial muscle have downed their shutters.

Surat is famous for synthetic fabrics and embroidery and around 30 million meters of raw fabric and 25 million meters of fabrics are processed are produced daily in the city. There are around 400,000 powerlooms and 400 fabric process houses in the so-called textile hub of India.

The recessionary phase of the previous two years had taken the wind out of the textile sector in Surat and when the markets were giving an impression of stabilizing, the ever-rising prices of raw materials, is now turning in to loss-making proposition for many from the textile city.

While, speaking to Mr Ashok Zirawala, President of the Federation of Textiles Traders and also of the Weavers Association, said, “The textile industry in Surat is going through a severe slowdown. The only fabric in demand is the jacquard quality; otherwise there is negligible demand for the other varieties produced in Surat. And to make matters worse, yarn prices are increasing incessantly”.

Mentioning about the challenges faced by the sector in Surat, he remarked, “Along with biggest challenge of rising raw material prices, there is no demand for fabrics, due to which prices of our finished materials have fallen and now, we are not even able to meet, even the cost of production, which has turned in to a big dilemma for the weavers, and who in turn have turned pessimistic about the new year, which is just around the corner”.

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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


June 2018

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

news category


Related Categories:

Advanced Search