April 20, 2024
Industry

Sircilla Textile Park Located In Telangana Closes Temporarily

The Sircilla Textile Park located in Telangana state has closed temporarily after weaving companies located in the Park decided to shut down to cut down losses suffered by them

The weavers located in the Park are losing Rs 3 per metre for every metre of fabric that they manufacture and they said they are not in a position to suffer more losses.

Around 2,000 people were employed in the Park, all of whom have been impacted by the temporary closure of the Park.

“We have temporarily closed due to the drop in prices of fabrics,” Textile Park Cloth Manufacturers Association President Annaldas Anil told Telangana Today.

He further added that fabrics manufacturing units in other places of the country were also closed. But they closed down as the units were unable to bear further losses.

The Sircilla Textile Park houses 115 units in which 1,475 modern Rapier looms have been installed

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