Business Standard
Tuesday, May 22, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Panipat handloom exporters fear serious slowdown this season
Vikas Sharma / New Delhi/ Chandigarh Feb 23, 2012, 00:22 IST

Manufacturers of textile products in Panipat, the Haryana city famous for its handloom products, are anticipating a slowdown in exports this year (2012-13). They believe that a slowdown in European markets could deccelerate the pace of growth for handloom exports from Panipat during this season.

Ram N Gupta, owner of Gupta textiles, notes that he has felt a slide in the export of his firm’s handloom products to Europe, which is witnessing a downturn.

Exporters say Europe comprises 30 per cent of Panipat’s total handloom export market, which is estimated to be a Rs 3,000-crore industry. That district, with 350 exporters, has handloom units that are engaged in manufacturing products like durries, mats, table covers, bed sheets, curtains and carpets among other home furnishing items. Handloom exporter in Panipat are back from the International Heimtextil fair held in Germany, where they negotiations with buyers from across Europe. The Handloom Exports Manufacturing Association says the just-concluded fair had not been promising for them. “We are anticipating a decline in exports, which we would mainly attribute to the European market,” according to the association’s president, Ramesh Verma. Prem Vijh, who heads the Panipat Exporters Association, also says they were not anticipating a growth in the handloom exports this year.

The slowdown in the European and US markets (which comprise half of Panipat’s total exports) could result in a 30 per cent slide in business for its handloom exporters, according to industrialists. Adds Verma: “The shortage of labour indeed is creating another serious problem for the industry. It is getting worse, and can even threaten the existence of the very handloom industry.” Substantiating, he says Panipat earlier had 3 lakh workers working in its handloom units. “But now, the number has shrunk to just 50,000. The implemenatation of MNREGA has taken away the labour from industry and left the industry grappling.” adds Verma.

“It’s time the government intervened.” The textile sector is labour-intensive, and is considered to be the country’s second-largest employment provider — after agriculture.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Lacklustre trades continue
- PFC beats estimates, Q4 net proft at Rs 820 cr
- Only $400-500 mn left in exporter dollar sales: traders
- Nalco's net profit Rs 849 cr in 2011-12
- Marks & Spencer posts first profit fall in 3 years
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- 
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- The Best Seller is Also the No. 1 in Mileage. Click here
- One Partnership Endless Possibilities. Click here to know more
- A Brand New Server at a Price That Fits Your Budget. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Leader in Passenger Car & Automobile Tyres. Click here
- Watch The Film Here. Click here to know more..
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Share this Story  
 
 
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
 
 
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Air India toughens stance, sacks 30 pilots
- Naveen, Jaya seek BJP support for Sangma
- Facebook IPO spawns social media angels
- RBI slashes arbitrage opportunity as rupee breaches 55 a dollar
- White Paper blank on size of black money, moots immunity
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us