Hosiery units struggle to meet demand - ECAS Punjab

Hosiery units struggle to meet demand

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Tribune News Service

Ludhiana, December 2

The manufacturers of woolen products in the city are trying hard to meet the demand of buyers from all over the country, but with the early onset of winters the gap between demand and supply is definitely hitting the market this time.

There was no production of hosiery products in April, May and June as units were shut due to the Covid-induced lockdown. Moreover, the imports from China and other countries were also stopped. As a result, the production came down to just 50-60 per cent. However, the demand is huge this season, leading to the huge gap in market.

Talking to The Tribune, Sudershan Jain from Oner Knitwear said production for winter wear usually started from March-April but it started almost three months late this year. “And with limited capacity, even if we wish, we cannot meet the demand so soon,” he said.

The manufacturer said that no winter material came from countries like China this year. Even the “repeat” orders would not be executed well because from next month onwards, sampling for summers would start.

Varinder Bharti from Satyam Knitwear said there was a huge demand for woolens but because the manufacturers were not able to come up with full production, the supply was hit.

“The China effect is also there. We are executing only those repeat orders for which material is available with us. Seeing the huge demand for hosiery products, even the yarn dealers have increased the prices by up to Rs 20-30 per kg,” Bharti rued.

from The Tribune https://ift.tt/33DnCSV

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