Effect of inflation on textile business: Due to rising prices of color-chemical, the unit operators decided to keep the unit closed for a month after Diwali.

Mail Us For Business inquiry
- Advertisement -

Due to rising prices of coal and colour-chemicals in the textile industry, several processing unit operators had decided to keep the units closed for a month after Diwali. Now gradually different opinions are coming out about this decision in the processors itself.

Many processors are thinking of keeping the vacation for only 15 days as before, while some have decided to do the vacation for a month. However, the South Gujarat Textile Processors Association says that the final decision will be taken in its meeting on October 18.

The fear of workers going to the village after a long holiday has also started haunting them.
Some processors believe that there is a fear of workers going to the village if the dye-processing units are kept closed for a month. The season of Lagnasara is to start after Diwali. Thus, there is good business in both the saree and dress materials segment. If the workers move to the village, the business may get affected. If the workers leave the village, they return only after two months.

Processors took decision due to rising cost of raw materials
According to information received from the sources of the dyeing-processing unit, the price of coal has been increasing continuously for the last five months. On the other hand, the trader is not ready to pay the increased price. Seeing the job charge not increasing, many processors had made up their mind to take a vacation for a month from Diwali. A large number of processors supported it, but now many processors are opposing the 1 month ban.

Many processors are in the mood to shut down and some processors say that the units should not be kept off for a long time. A meeting of processors has been called on October 20 for a final decision on this issue. Jitu Vakharia, Head, South Gujarat Textile Processors Association

.

- Advertisement -
Mail Us For  DMCA / Credit  Notice

Recent Articles

Stay on top - Get the daily news in your inbox

Related Stories