Satish Handa
Acute shortage of electricity in China since past sometime has severely affected Panipat textile industry in Haryana. Information reveals, industry in China is getting electric power hardly three days in a week that too only for few hours as s result most of the orders procured by the industry in China has been cancelled or much delaying. According to Sanjeev Manchanda President Dyes & Chemical Traders Association at Panipat, the prices of Citric Acid, Mono Hydrate and Silicon Oil widely used in textile industry has been increased by 50 to 100% in past couple of months and there is likely of further increase in prices between 30 to 50% in coming couple of weeks because of non-supply by industry in China.
Information reveals, shortage of dyes and chemicals has adversely affected Panipat textile industry unable to produce goods in the absence of dyes and chemicals imported from China against domestic and export orders procured by them. According to Panipat blanket industry owners this is peak season for manufacturing Mink and Polar blankets for approaching winter season for which Panipat manufacturers has already procured bulk orders from indigenous as well export buyers. They said, most of the machinery in Panipat textile industry imported from China needs spare parts for maintenance of installed as well as new machinery at this stage to produce goods for coming winter season.
According to manufacturers, as a result of drop in imports from China there is extreme shortage of containers at present available at five to six times higher rates as such they are not in a position to execute export orders already procured by them. Manufacturers told that the prices of dyes and chemicals used in textile and blanket industry from Mumbai and Gujarat too are available at much higher rates as such manufacturing cost of blankets, 3-D bed sheets and other textile goods has much increased at present severely affecting business since they are unable to execute orders already procured by them.
According to information, there are large numbers of American companies set up their manufacturing units in China are facing crisis due to acute shortage of electricity since past sometime posing a threat to international economic condition. Information reveals, there are few towns in China where consumers are getting electricity hardly for a couple of hours in a day as such most of the industrial units have been closed down and prime reason for shortage of electricity is due to non-functioning of large number of power production units based on coal.
