Ludhiana's hosiery industry suffers due to farmers' protest

Updated:5 years, 1 month ago

Ludhiana (Punjab), Dec 24 (ANI): The ongoing farmers' protest has adversely affected the hosiery industry of Ludhiana. Border blockade has led to minimalistic transportation of goods across states. After suffering losses for last 9 months due to corona induced lockdown, industry was expecting a boost in the deteriorating business. But the farmers' agitation has dampened their mood again. The already low profits of the industry, due to the COVID-19 lockdown, have now failed to take off in wake of the border blockade. Retail counters have also reduced their orders by 70-80%. While speaking to ANI, Pinnacle Fashion And Retail's co-founder, Akhil Sachdeva said, "The normal projection is that people are considering 50-60-% lesser business as compared to last year. But if the farmers' protest ends soon so that supplies can reach their destination as winter season is short, we get hardly 1-2 months for selling."

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Ludhiana's hosiery industry suffers due to farmers' protest

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