explain the problems of textile industry
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- Shortage in supply of raw material: Shutting down some units in China and Europe due to pollution issues has resulted in an unprecedented rise in prices of basic raw materials in international markets. The chemical dyestuff industry of Gujarat is finding it hard to bag new orders as prices of basic raw materials intermediates have increased more than double in the past few months.
- Increase in cost of raw material: Wool prices have soared to record highs this year on booming demand, while a drought in Texas and rising Chinese imports have sent cotton futures to a nearly six-year peak in the US. The price of oil used to make synthetic fabrics like polyester and rayon is up over 50 percent from a year ago. The rise in prices of imported raw materials has increased the prices of dyes made by for Gujarat-based dye-makers by about 15 to 50 percent in one month.
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THE PROBLEMS FACED BY THE TEXTILE INDUSTRY ARE AS FOLLOWS :-
1) The supply of the power remains unpredictable which affects it's production.
2) Machinery needs to be improved in the sector of weaving and secondary sectors especially.
3) Lack in the output of the labour since they're unskilled and illiterate in their jobs.
4) Hard competition with the synthetic fibre industry as it's cheap and efficient.
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