Ludhiana's textile industry in double crisis of rising costs and falling demand
Ludhiana: Ludhiana, known as the major textile production center of the country, is facing serious challenges these days. Rising raw material prices, disrupted supply chains, weak domestic and international demand, and rising logistics costs have put pressure on the industry.
According to industry experts, the prices of synthetic fibers made from crude oil—such as polyester, nylon and spandex—have increased by a sharp 20% to 30% in recent weeks. Simranjit Singh, a textile manufacturer from Bahadarke Road, said it was becoming difficult to continue production due to rising costs. According to him, the price of polyester has increased from Rs 115 per kg to Rs 165–170, while the price of nylon fabric has increased from Rs 175 per meter to around Rs 210. Spandex prices have also increased by about 20%.
The problem is not limited to synthetic fibres. Natural fibers like cotton have also become expensive. The price of cotton yarn has increased from Rs 260 per kg to around Rs 292 per kg. Industry organizations say that prices of almost all types of fiber have increased significantly.
Packaging costs have also seen a sharp rise. Prices of polybags and other plastic-based packing materials, which are essential for logistics and exports, have increased by up to 40%. For example, the price of a polybag has increased from Rs 2 to Rs 3.15 to Rs 3.5.
People associated with the industry consider fluctuating crude oil prices, disruption in the global supply chain and rising freight expenses as the main reasons behind this rising cost. Due to geopolitical tensions, international transportation has become expensive, further increasing production costs.
Amidst all these challenges, the industry is also facing declining orders and labor shortage. Industry representatives say that if the situation does not improve soon and the supply chain is not stabilized, the situation may become more serious in the coming months.
Experts believe that timely policy intervention, cost control measures and strengthening the supply chain are essential to overcome this crisis.
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