Related Keywords: bank loan rate, excise exemption limit, failed to modernize machinery, hit local textile industry, imported yarn and finished fabric, inflation, mostly using polyester viscose, textile units manufacture various kind of fabric, unfavourable policies, Weaving oldest industry in Amritsar, weaving units shifted to Ludhiana and Bhilwara
Weaving is the oldest industry in the holy city of Amritsar; the textile units here manufacture various kinds of fabrics, including suiting, shirting, tweed, blazers, blankets and women's dress material. Hence the local industry uses various kinds of yarns, the most popular being polyester viscose. Imported yarn and finished fabric from China, Korea, Taiwan, Indonesia and Bangladesh have hit the local textile industry of Amritsar, especially those units who have not modernize their machinery.
