The daily production of man-made fabrics in Surat has gone down from 3 crore metre to 2.3 crore metre in the past 20 days due to recession faced by the industry. Decline in production by at least 20 percent compared to last year, according to market sources.
The yarn prices have become unstable due to the falling crude prices. The principle ingredient used in the manufacture of polyester is ethylene, which is derived from petroleum. Due to this the industry is incurring loss of Rs 4 per metre, said Mahinder Ramoliya, a weaver from Sachin.
A weaving unit in Sachin has gone on a five-day a week schedule as there is not much work even as a textile trader has been eagerly waiting for a customer for the past many days.
Pandesara Industrial Estate, which on any working day of December used to release 100 million litres per day (MLD) of effluent, was now discharging only 80 MLD. This show the effect of the recession on the industry.
Pandesara Industrial Association president Kamal Vijay Tulsiyan also an owner of a dyeing unit said that their hopes are pinned on the new marriage season that will begin from January 25, 2015. They expect traders from north India to arrive in Surat as winter would be on its way out by then.
According to president Savarmal Budhiya of Federation of Surat Textile Traders Association ( FOSTTA), the period from December 15 to January 15 is considered a slack season for man-made fabrics. But the recession has hit the industry badly as there is a further dip in sales.
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