The home furnishing business in Panipat is suffering massive losses
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18 January 2022, Mumbai:
Panipat, Haryana's 'Textile City' and India's top home furnishing centre, is having trouble fulfilling export contracts due to two-month-old Commission of Air Quality Management (CAQM) regulations.
In only one week, the sector has suffered a loss of Rs.100 crore. The factories are only open five days a week, as per the guidelines. The CAQM issued directives shutting down companies for two days a week and prohibiting the use of diesel generators in the National Capital Region (NCR). In October of last year, it also required businesses to work for eight hours a day.
According to Lalit Goyal, President of the Panipat Exporters' Association, with fewer days of operation, export orders that are currently in production are unable to be finished and shipped on time. Because the air quality index (AQI) in Panipat is much improved, companies should be permitted to operate 24 hours a day, seven days a week.
It's worth noting that Panipat's textile sector has an annual export turnover of Rs. 15,000 crore and a local market turnover of over Rs. 35,000 crore.
Because shipments are projected to be delayed, foreign buyers have begun threatening to cancel orders, resulting in significant financial losses and a loss of goodwill in the worldwide market.
Narayanan, Member Secretary, Haryana State Pollution Control Board (HSPCB), responded by saying that the industry's submission had been forwarded to the Chairman, CAQM, along with their own suggestions. The CAQM will make the final decision on the subject.
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