Panipat blanket industry hit by inflation, stares at crisis : The Tribune India
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Updated At:Jun 02, 202206:36 AM (IST)
Around 20 per cent textile factories in Panipat are yet to start production for this year. File photo
Tribune News Service
Panipat, June 1
Increase in raw material cost and decrease in demand, both due to inflation pressure, have hit Panipat's blanket industry hard.
This year, a massive drop in demand for mink and polar blanket has been witnessed. As a result, the plants are not functioning at full capacity. Around 20% plants were shut while other 80% plants are running only in single shifts," Pritam Singh Sachdeva, president, Panipat Industrialists Association, says.
The industrialists claim that by May every year, production used to start in all the 150 plants and that too in three shifts. Sachdeva says the decrease in demand has been caused by several factors but inflation is most worrying.
"The demand of mink blankets as gifts have decreased as the cost of blanket might rise 20 to 30 per cent from Rs 1,000 to 1,200 last year. Over production in previous years is also a major cause of decreased production," he adds.
Bheem Rana, President, Panipat Dyers’ Association and mink blanket manufacturer said mink is manufactured using polyester yarn, that will costs around Rs 125 per kg this year. Last year, the yarn used to cost Rs 100 to 105.
Meanwhile, Ram Pratap Gupta, Secretary, Polar Blanket Manufacturers’ Association maintains rising price of polyester yarn and overproduction has shrunk the demand of mink and polar blankets this year. Polar blankets are used in covering bed sheets, blankets, quilts etc.
But the entire situation will only clear in some months, Rana said.
The city's blanket and 3D bed sheet industry have emerged as major players, meeting the country's demand of these product. The success of the industry was so overwhelming that imports from China were completely shut.
Out of the 150 small and big plants in the city, 80 are of mink blanket, 40 plants of polar and 40 are of 3D bed sheets here.
Sachdeva said approximately 8 lakh Kg mink blanket is produced daily which means around 3.20 lakh blankets per day. The cost of production is around 180 per kg in the market earlier but it may rise this year, he adds.
Besides, approximately 1.25 lakh kg polar blankets and around 20 lakh meters 3D bed sheets are also manufactured per day, he says.
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The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising four eminent persons as trustees.
The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the paper. It is an independent newspaper in the real sense of the term.
The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).
Remembering Sardar Dyal Singh Majithia
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