Online edition of India's National Newspaper
Tuesday, May 06, 2008
ePaper | Mobile/PDA Version
Online edition of India's National Newspaper Tuesday, May 06, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
| Tamil Nadu |
 |
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Retail Plus | Classifieds | Jobs | Obituary |
Tamil Nadu
Facing crisis: Powerloom machines lying idle at Somanur in Coimbatore district following stoppage of production due to lack of demand. — TIRUPUR: With nearly one lakh powerloom units in Somanur and Palladam regions in Coimbatore district having stopped production for over a week following demand recession, there is a slight increase of 25 paise to 50 paise a metre fabric in the market for the last two days. However, the increase failed to enthuse powerloom weavers and cloth manufacturers to resume full-scale production as it did not meet the cost of production. Of the two lakh powerloom units in Avanashi, Palladam, Somanur and Mangalam, around Tirupur, nearly one lakh looms have stopped production a week ago following loss due to lack of demand for grey fabric. The stoppage of production was mainly to improve the demand for the fabric. After a week since cut in production, there has been no sign of yarn prices coming down or fabric prices going up significantly, complains R. Easwaran, joint secretary of the Somanur Cloth Manufacturers Association. Besides slight increase in labour wages, the industry was going through a difficult phase mainly due to hike yarn prices. “A 51 kg bag of 30s yarn now costs Rs. 5,200 and it was less than Rs. 4,600 last year. But there is no proportionate increase in the prices of grey fabric,” he points out. Most of the weavers and textile manufacturers have not taken initiative to produce end products like home textiles after value addition. A vast majority of them depend on north Indian businessmen to sell the raw material, grey fabric, sources said. Industry sources say that they could not understand why there was a dip in demand for the grey fabric. Another weaver says that whenever they reduce production, immediately the grey fabric rates go up. Many are confused why the price of fabric did not go up significantly despite stoppage of production for over a week. When the grey fabric sold for Rs. 14.50 a metre, according to a weaver, there was a profit of 50 paise. Now the cloth sells at Rs. 15.25 a metre and still the manufacturers complain of loss of at least 25 paise a metre. Uncertainty prevails in the industry circles whether to continue stoppage of production or resume it.
Printer friendly
page
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |
Copyright © 2008, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
