Monday, Sep 22, 2014

Woollen garment prices may be hiked 10-15 pc: Experts

During the buyer-seller meet of knitwear industry in Ludhiana on Monday. ( Source: Express photo by Gurmeet Singh ) During the buyer-seller meet of knitwear industry in Ludhiana on Monday. ( Source: Express photo by Gurmeet Singh )
Written by Raakhi Jagga | Ludhiana | Posted: May 20, 2014 5:08 am

Prices of woollen garments will be up by another 10-15% in the coming season. This was revealed in the ongoing buyer-seller meet organised by Knitwears and Manufacturers’ Association of Ludhiana (KAMAL).

The meet is an annual feature to book orders for the coming winter. The participants said that looking at the ever- increasing prices of power, raw material and labour, prices of garments would increase in the winter.

Buyers from across the country have come to place orders during the meet, which started on May 17 and will conclude on May 21. Sarjeevan Jain, president of KAMAL and owner of Sarjeevan Knitwears, said, “This year, buyers are placing orders for bold colours rather than pastels which were in trend in the last season.”

He said that blends were going to be a hit. As winter season was getting shorter, not more than 20% wool was being added in the garments.

He added, “Though our last hosiery season was below average as winter was very short and the dealers had already stocked previous year’s stock, we are happy that despite that, we are getting good response.”

Arun Aggarwal, general secretary of KAMAL, said, “Sentiments of buyers in general have become positive once the government has changed. Perhaps this is the reason for good response.”

The meet has been organised at Harsheela Resort, Ludhiana Gardens and the adjoining marriage palaces. Apart from this, a few halls have even booked in hotels as well.

More than 80 participants are from Ludhiana to sell their designs to over 2,000 buyers from across the country.

Interestingly, the industrialists have spent lakhs on creating an ambience to sell their products. The temporary showrooms have been created in the resorts to attract customers.

However, according to Ramesh Garg, vice-president of KAMAL, such activities enhance the sales.

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