Tamil Nadu - Erode   

Sales slump in textile market

ERODE: Textile merchants experienced poor sale of textile goods in the Erode Weekly Textile Market on Tuesday. The market usually functions from noon on Tuesday to noon on Wednesday.

Sale of textile goods continues round-the-clock. Buyers from all over Tamil Nadu, Karnataka, Kerala and North Indian towns visit the market, buy textile goods, and despatch them in lorries to various places.

Every week, buyers from Karnataka and North Indian town will buy more than Rs. 3 crore worth of textile goods and transport the same by lorries.

But because of the lorry strike in Karnataka for the past four days (opposing the order of the Union Government to fix speed governors in the lorries), the textile buyers from Karnataka did not come to the market on Tuesday.

Also, no orders were placed with wholesale textile merchants.

Consequently, sales in the textile shandy were very poor.

Merchants said, “Already due to summer, the sale of textile goods has decreased in the market. Added to this, the absence of the Karnataka and North Indian merchants at the market has affected sales very much.”

Because of the Karnataka lorry strike for the fourth day in succession, several crore rupees worth of textile, oil, leather, turmeric and vegetables have begun piling up in the godowns of producers.

The transport of dyes and chemicals, some vegetables and fruits, electronic goods and paddy from Karnataka to Erode has been suspended due the strike for the past four days.

Some spinning mills have reduced their production due to non-receipt of cotton from North Indian towns due to the lorry strike.

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