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Prices of Surat polyester fabrics to shoot up by 8-10%

23
Jul '12
Prices of polyester fabrics, including sarees and dress materials, manufactured in India’s biggest man-made fabric capital of Surat, are set to become costlier by eight to ten percent.
 
Mr. Pramod Chaudhary, Chairman, South Gujarat Textile Processors Association (SGTPA) told fiber2fashion, “The total cost of polyester sarees and dress materials is likely to increase by about 8-10 percent because of the increasing yarn and gas prices, as well as higher cost of production.”
 
“The rise in gas prices is due to the increase in dollar rates. Moreover, the adequate supply of gas is also a problem. The yarn prices have gone up due to the increasing rates of petroleum products,” he adds.
 
Giving some more reasons for rise in prices, he says, “The raw material cost has gone up, which is mainly affecting the weaving sector. The prices of POY and nylon have increased. Labor price is also rising. Consequently, the retail price of sarees and dress materials would increase.”
 
Surat's textile industry leads in manufacturing of low-priced polyester sarees, which have huge demand in Uttar Pradesh, Bihar, Jharkhand and Orissa.
 
The man-made fabric industry in Surat houses over 600,000 powerlooms.  In addition, there are around 400 dyeing and processing units. The industry caters to around 40 per cent of the annual demand of polyester fabrics and sarees in the country.
 

Fibre2fashion News Desk - India


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