The major reason behind this is inflation and fluctuation in prices, according to manufacturers.
There are over 200 units in the industry, manufacturing cotton-seed cakes that are used as fodder for cattle, soaps and cotton-seed cooking oil, among other products. Over 12,000 people are involved in this industry, which has a collective annual turnover of over Rs. 80 crore.
“The prices of raw material keep on fluctuating due to inflation. Even the manufacturers are not aware of the latest prices of raw material. This leads to fluctuation in the prices of our finished products. These fluctuations lead to losses to the manufacturers,” said Pralabh Kumar, one of the manufacturers.
“The industry also suffers from technological backwardness, ” added Kumar.
“The industry exports products to various parts of the country, but has not been able to make a mark in international markets. Planned production and control over fluctuations in prices would help the manufacturers resolve these problems and grow,” said Milan Kumar, another manufacturer.