Home / Knowledge / News / Textiles / SNGPL extends gas suspension schedule till Jan 20
SNGPL extends gas suspension schedule till Jan 20
20
Jan '11
Over 600 factories, mostly from the textile industry, continued to remain shut down on the fourth day of gas suspension. The Sui Northern Gas Pipelines (SNGPL) has extended the gas suspension schedule till January 20.

Around 100,000 power looms also continued to remain shut down due to the seizure in the sizing of yarn as a result of gas suspension to the sizing units. Textile processing units were also not in situation to dispose the enormous stock of grey fabric within the limited span of their operation.

Around 400,000 workers, majority of them being daily wage earners, remained without job on the fourth successive day of gas load shedding and are forced to confront hunger because of the lack of earnings.

The export-driven as well as the labor-intensive value-added textile sector is currently incurring a loss of several billions everyday because of the gas suspension for five to six days in a week, whereas the mark-up rates imposed by the banks on the loans given to the units continue to rise.

Since the factories are not operating, the entrepreneurs are not able to pay back their debts within the stipulated time period.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search