There are about 100 units in the industry, wherein nearly 1,500 people are employed. These units make traditional cotton and synthetic saris and dress materials. The industry earns a collective annual turnover of about Rs.1 crore. “The industry majorly includes micro units, and is greatly dependent on them. Products from the industry are sold to traders from almost all states in India,” said Prem Kumar, one of the industrialists.
“The industry is now declining, as the manufacturers are not showing much interest in expanding their business. They are even ready to sell their products at lower prices just to be in the market,” he said.
“The reason for the lack of interest among the industrialists is the fluctuating prices of raw material. This affects the purchasing power of the industrialists, forcing them to restrict themselves from investing much in their units,” said Kirrti Kumar, another industrialist.
“The government must control inflation, as it not only raises the expenditure of the industrialists, but also stops them from expanding their business,” he said.