Major Blow to Textile Industry, ₹4,000 Crore Loss: Raees Shaikh

Samajwadi Party's Bhiwandi MLA Rais Shaikh said on Tuesday that due to the ongoing conflict in West Asia, the state's textile industry has suffered a loss of about ₹4,000 crore in just one month.

Bhiwandi in Thane district, a major textile hub of the Mumbai Metropolitan Region, has been worst affected by the crisis. The MLA has demanded an immediate financial support package for the industry and warned that if timely steps are not taken, there is a danger of the industry coming to a standstill. This may also affect the jobs of millions of skilled and unskilled workers.

In a letter to Chief Minister Devendra Fadnavis, the MLA said that due to rising prices of cotton and yarn, disruption in the supply of raw materials and blockage in export channels, mills are facing pressure to stop production two days a week.

In this letter sent on April 10, citing the data of the State Textile Corporation, it has been said that the industry suffered huge losses due to the halt in exports in March 2026.

There are about 9.48 lakh power looms operating in Maharashtra, which is about 39% of the total power looms in the country, apart from this there are also about 4,000 hand looms. This industry is considered to be the biggest employment generating sector in the state after agriculture.

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