Large volumes of grey fabric have remained unsold as overseas buyers have deferred or cancelled orders, pushing the sector into a period of acute stress.
Manufacturing News
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Although the PM MITRA Park was inaugurated on 28th March 2023, on-ground work had only begun recently, nearly three years later.
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The increase follows a sustained upward trend driven by escalating global cotton prices linked to the ongoing conflict in the Middle East.
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Cotton yarn prices have risen considerably in recent weeks, reflecting a broader inflationary trend across raw materials.
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The decision was taken at a meeting, where industry stakeholders highlighted mounting pressure from higher yarn prices, labour-related challenges, and weakening demand.
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Across the town and its surrounding agrarian villages, handloom activity remains deeply embedded in the socio-economic fabric, with many households continuing the practice for decades.
