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Bhiwandi Textile Industry Faces Crisis As Yarn Prices Surge 70%, Powerloom Units Struggle With Rising Costs
Bhiwandi’s textile industry is facing financial pressure after traders reported a 60-70% rise in yarn prices over six months. Powerloom units and grey-fabric manufacturers said finished fabric prices have not increased equally, affecting margins. Traders have sought government monitoring of yarn markets, imports and pricing practices to address concerns over rising production costs.
