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

Textiles | On 26th Sep 2016

Azerbaijan pins hope on revival of cotton sector

In the midst of economic problems, Azerbaijan president Ilham Aliyev...

Textiles | On 26th Sep 2016

Aleph unveils new LaForte wide format inkjet printers

Aleph, developer of a complete range of innovative digital printing...

Textiles | On 26th Sep 2016

Hank yarn delivery lead times to handloom sector high: Study

A study has concluded that hank yarn delivered by the National...

Interviews View All

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

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

Eamonn Tighe
Nature Works LLC

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search