3:44 AM
Fashion Fan
Indian Textile Industry is the principal employer among all the industries of the country, yet it has a very small share in the global market. But handloom sector, the primary branch of textiles, is considered as the major for its established capacity. This is because India is the only country which produces handloom on a marketable scale. Economic meltdown has impacted on Indian Textile Industries as a result of which many export orders are getting cancelled and labourers depending on this Industry are almost on the brink of loosing their source of revenue. Over 90 percent units in the textile and clothing are in the SME sector, which is also the most labour intensive sector in our industry as a whole.
The entire textile value chain is currently enduring a severe crisis. With such a situation continuing a bit longer, lakhs of workers who earn their livelihood through this industry will be pushed into the category of Below Poverty Line (BPL) and its high time that the impact of recession on labour and livelihoods in Handloom sector should be taken care of and necessary strategies and policies should be implemented to prevent further damage.
Current Scenario
It appears that the global meltdown being witnessed prominently in the financial markets is all set to ruin the Handloom industry, which is currently facing a tough time. On one hand the prepared saris are not getting sold off in abundance like before, on the other hand the export orders appears to face a downward trend in near future. The Silk industry, which was facing a tough time due to other factors, is likely to face a major nudge in the coming days resulting into literal starvation of many people. Be it handlooms or power looms both methods of preparing handloom garments are threatened by crisis following the present situation in which the people related to this industry are failing to get work even for a month or two. They hardly get to work for just 15 days, which affects the daily wages of a lot of people. Exporters are also facing a tough time due to the declining demand for the handloom products. The classic Banarasi sarees of India are purchased by the rich strata people of India and across the globe and later by the victims of crisis. Till few years back the silk Banarasi sarees were extremely adored handloom products in the world. The Banarasi fabric is an indispensable material, traditionally used for marriage and party purposes.......
Current Scenario
It appears that the global meltdown being witnessed prominently in the financial markets is all set to ruin the Handloom industry, which is currently facing a tough time. On one hand the prepared saris are not getting sold off in abundance like before, on the other hand the export orders appears to face a downward trend in near future. The Silk industry, which was facing a tough time due to other factors, is likely to face a major nudge in the coming days resulting into literal starvation of many people. Be it handlooms or power looms both methods of preparing handloom garments are threatened by crisis following the present situation in which the people related to this industry are failing to get work even for a month or two. They hardly get to work for just 15 days, which affects the daily wages of a lot of people. Exporters are also facing a tough time due to the declining demand for the handloom products. The classic Banarasi sarees of India are purchased by the rich strata people of India and across the globe and later by the victims of crisis. Till few years back the silk Banarasi sarees were extremely adored handloom products in the world. The Banarasi fabric is an indispensable material, traditionally used for marriage and party purposes.......
Posted in: Fibre2fashion,Handloom Industry,Handloom Products,Handloom Sector,Indian Handloom Industry
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