Polyester fabric production almost came to a standstill in the textile hub of Sircilla with most of the powerloom units in the town remaining shut due to lack of orders and accumulated stocks of unsold cloth in warehouses.
An overwhelming majority of the nearly 30,000 powerloom units in Sircilla have suspended operations from Monday following the decision of the Sircilla Polyester Cloth Manufacturing Welfare Association to close down the units under “unavoidable circumstances.”
The Association representing the polyester cloth manufacturing units attributed the current grim situation to lack of private orders mainly from Hyderabad, slump in prices due to weakened demand and piled up stock of unsold cloth.
