Home / Knowledge / News / Textiles / Numerous powerlooms on verge of closure - APOA

Numerous powerlooms on verge of closure - APOA

07
Nov '08
It has been noted that textile industry in Ahmedabad, Gujarat, is struggling to survive due to international financial crisis, which has weakened the demand significantly.

Especially, powerloom sector is in dire state as many units have either closed down or are barely standing.

President of Ahmedabad Powerloom Owners Association (APOA), Mr Navinchandra Patel, told Fibre2fashion, “Presently, there are around 10,000 in powerlooms in Ahmedabad, and many of them are on the verge of closure.”

Experts predict that around 1000-1500 looms may actually shut down.

Mr Patel said, “The high production cost has cut down margins of the enterprises sizably, making it difficult for them to carry on. Labour shortage is just adding to the problems.”

Finance Minister Mr P Chidambaram in Budget 2008 had announced setting up of powerloom mega-clusters in Erode and Bhiwandi. Sources reveal that for a while now, the association has been demanding a separate powerloom cluster for Ahmedabad and Surat, which is likely provide some relief to the ailing sector.

Fibre2fashion, News Desk - India


Interviews View All

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

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

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

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

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search