Hopes of hosiery units washed away

Greater Kashmir
Publish Date: Sep 15 2014 12:15PM | Updated Date: Oct 10 2014 9:01PM
Hopes of hosiery units washed away

 The textile industry in Punjab is incurring huge losses because of the floods in Kashmir. Several hosiery units, which supplied hosiery goods to Kashmir, have suspended production. The Ludhiana hosiery and knitwear industry is already reeling under a host of problems.

The textile industry has been supplying shawls and blankets to Jammu and Kashmir. “The knitwear industry has already conducted business transactions worth Rs 50 crore with clients in Jammu and Kashmir. However, the floods have ruined business. Our payments are stuck and there is little hope of retrieving the payments,” said a worried Vinod Thapar, chairman, Knitwear Club. He said as of now, all orders stood cancelled.

Trader Sanjay Jalota claimed that 90 per cent units that supplied hosiery goods to J&K had suspended production. Another manufacturer said there was panic among the traders who were worried about that payments may never be recovered. Thapar said the Knitwear Club planned to approach banks to bail out the industry.

Muktsar: To check waterlogging, Chief Minister Parkash Singh Badal today asked the Irrigation Department to initiate the process for strengthening, upgrading and widening the drainage system in south-west districts.

He also asked the department to explore the feasibility of creating a separate post of Chief Engineer (Floods) for this region.

“An expert appointed to this post should be entrusted with the job of finding ways and means to prevent floods in the region,” said Badal.

He was here on a whirlwind tour of the rain-affected areas. The Chief Minister said that the widening and strengthening of the drainage system was a part of the state government’s master plan to overcome the problem of waterlogging.

He said this measure would help reduce the retention period of excess water from 14 days to just seven days.

Badal asked the Financial Commissioner, Revenue, NS Kang, to personally monitor the process for speedy relief to the affected people. “The state government is duty-bound to help those affected by waterlogging. We are making efforts to bail out the people from this crisis,” the Chief Minister said.






Interacting with mediapersons, the Chief Minister said the plan to overhaul the damaged infrastructure in the waterlogged villages would be ready within a fortnight. He said with the concurrence of villagers, reconstruction work would be started within a month. Villages in Fazilka, Abohar and Muktsar have been hit the most.

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