30,000 power looms fall silent as rayon yarn price goes up, Retail News, ET Retail

Davida Erdahl

ERODE (TN): 30-thousand energy looms utilised for the output of rayon cloth in this article have been shut for seven days from Monday, December 21, due to rayon yarn selling price hike. Erode is noted for textile output and extra than fifty,000 energy looms purpose in the district, of which […]

ERODE (TN): 30-thousand energy looms utilised for the output of rayon cloth in this article have been shut for seven days from Monday, December 21, due to rayon yarn selling price hike.

Erode is noted for textile output and extra than fifty,000 energy looms purpose in the district, of which at Kalingarayanpalayam, Veerappanchatram, Asokapuram and some other places, thirty,000 energy looms make 24,000 metres of rayon cloth a day.

President of Erode Powerloom Cloth Producers Affiliation Suresh claimed, “The cost of a hundred and twenty-gram and a hundred and fifty-gram rayon yarn utilised for the output of the rayon cloth has been enhanced by Rs 26 for a cone as a final result of which the cost of output has been enhanced by extra than twenty per cent.”

“But, the consumers are hesitant to invest in citing the increase in selling price. So, we decided to stop down the shutters of thirty,000 energy looms in the district for seven days from December 21 to December 27,” he claimed.

Since of the closure, a overall of 16.80-crore metres of rayon cloth output would be afflicted and about Rs 40 crore truly worth of trade strike, he added.

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