Home / Knowledge / News / Textiles / Recession forces Surat weavers to announce holiday
Recession forces Surat weavers to announce holiday
02
May '16
A drastic decrease in the demand of polyester fabrics in the domestic market due to cheap imports from China and increase in the yarn prices by spinners, have forced power loom weavers in Surat to announce an unprecedented month-long mid-year vacation starting May 15.

India's largest man-made fabric (MMF) industry in Surat has around 6.5 lakh power loom machines.

Over the past three weeks, more than 2.5 lakh power loom machines in the city have already shut shop, rendering over 1.5 lakh workers jobless. Most of these migrant workers have already left for their homes in Bihar, Uttar Pradesh and Odisha, while some have found jobs in the embroidery units, according to a report in The Times of India.

President of the Federation of Gujarat Weavers Association (FOGWA), Ashok Jirawala told the newspaper that the powerloom sector is reeling under such a critical recession for the first time in history. He said over 35 per cent of the units have already shut down and the rest will so after May 15.

Surat's power loom sector contributes around 40 per cent of the polyester fabric demand in the country. The 6.5 lakh power loom machines weaves around 4 crore meters of fabrics per day worth over Rs 100 crore and employs around 6 lakh workers.

According to industry experts, the situation has arisen as majority of the weavers still follow the herd mentality. Over 50 per cent of them have been manufacturing same quality of fabric known as '60 gram'. There are very few who have diversified in manufacturing other quality fabrics.

The power loom machines are mostly over 30 years old. High investment costs have prevented most weavers from upgrading to modern machines. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

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

Ashok Desai
Bombay Textile Research Association

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X