Poor marketing facilities and steep hike in yarn prices have forced 80 units in Sircilla Textile Park to shut shop. The park opened in 2002-2003 with an investment of Rs 7.73 crore. It had 237 plots in it and was expected to provide direct employment to 7,000 workers.

As per the Indian Express, the park is home to nearly 25,495 of the total 35,588 weavers in the State For the last two months, no trader has shown any interest in the 1.56 crore meters of cloth which remains piled up in the units. The value of the cloth is about Rs 2 crore.The cost of the production has shot up with polyester yarn rice increasing to Rs 270 from Rs 170 per kg a few months ago. Similarly polyester cotton yarn prices have increased from Rs 175 to Rs 270 per kg.

Annaldas Anil, President, Textile Park Units Association says, even paying salaries to the workers is becoming difficult for themFor the last two months several units have shut shop.”The other factor that had seen the Textile Park go out of business is the power bills which broke the back of the unit owners. Power in the Sircilla Textile Park costs Rs 7 per unit. Because of these factors, factors owners are unable to compete with producers from other states.