Rising Yarn Prices In India Lead To Closure Of Garr Knitting Enterprises In Ban

Knitting industry is knitted in Bangladesh, India yarn Price anomalies and the impact of reduced supply. These problems force many enterprises to stop production.

KB Agarwala, a member of the India knitwear manufacturers association (FOHMA), said that the shortage of knitted fabrics is a fatal blow to some sectors, such as bleaching, dyeing, cutting and sewing factories, which will eventually affect about 150 thousand workers.

Agarwala said at a press conference, since November 1009, knitted yarn Prices have skyrocketed. But the industry is getting worse and worse, and a few knitting factories in ban Garr area have been closed.

The price of yarn in October 2009 was 140 rupees / kg, and now it has risen to 195 rupees / kg, or 40%. With price surging, price turbulence and yarn Supply shortage has become a major problem. He said yarn prices have risen 22 rupees / kg since April of this year.

60% of the national socks Market in India is in the class Garr area, and some of the knitting factories here have fallen by 40-50%. The associations asked the federal government to review the current situation. However, so far, the government has not taken action to solve this problem. Only a quick investigation has been carried out by the office of the textile Commissioner's district.