Garment makers in Punjab are urging the state government to extend the moratorium on payment of loan installments. Around 10,000 textile units in Ludhiana have urged Punjab government to waive fixed electricity charges. The Punjab garment industry is staring at massive losses on account of almost 70 per cent drop in orders for winter wear in the wake of the coronavirus pandemic. The industry manufactures winter wear during June, July and August.
Most factories in the state are running at just 30-35 per cent capacities, Ludhiana-based garment makers said. The sharp fall in orders for winter garments is a double blow for the industry, which already suffered a setback with buyers cancelling or putting on hold orders for summer wear because of COVID-19 pandemic. Besides, there is uncertainty about demand for winter wear after September month.
Industry representatives pointed out that fashion products or garments manufacturing units would bear the maximum brunt of this fall in demand. Vinod Thapar, President, Knitwear Club of India said, as people do not have money they are likely to spend only on essential items rather than purchasing non-essential fashion wear.