Bhiwandi Textile Industry Hit by 70% Rise in Yarn Prices
Published · Updated
AI-generated summary of the coverage listed below: In Bhiwandi, a major textile hub in Maharashtra, yarn prices have surged by up to 70% over the past six months, putting severe financial pressure on powerloom units and grey‑fabric manufacturers. The steep cost increase has eroded profit margins and forced many small and medium enterprises to struggle to stay afloat. The crisis highlights the vulnerability of the local textile sector to raw‑material price volatility and underscores the need for cost‑control measures. QUOTE: "prices of several varieties have increased by 60-70 per cent in the past six months." — Free Press Journal
Covered by 2 outlets across the spectrum: 0% left, 100% center, 0% right.
Who is covering this story
- Center (2): Free Press Journal, The Hindu BusinessLine
Sources
- Bhiwandi Textile Industry Faces Crisis As Yarn Prices Surge 70%, Powerloom Units Struggle With Rising Costs — Free Press Journal (center)
- Indian copper producers seek GST cut to 5% as record prices lock up working capital — The Hindu BusinessLine (center, AI-estimated)