BJP candidate Ravneet Singh Bittu is promising trade opportunities at Wagah Border for Ludhiana industrialists. He claims that trade at Wagah Border will be opened within one year of the formation of the Modi government for the third time. Bittu is consolidating support from industrialists by focusing on development projects and business opportunities for the industrial town.
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Ludhiana: Raising concern over the stalled work on the upcoming Ludhiana-Ropar greenfield expressway, the city businessmen met officials of the Ludhia.
Ludhiana: The rapid rise in the rates of yarn is hitting the garment and textile industry hard, as it has led to an increase in their production cost. According to businessmen, the rate has increased by 30% to 40% and if both the Centre and the state government did not intervene at the earliest, they would be in dire straits.
Hemant Abbi, executive member of the Moti Nagar United Factory Association, said, “The rate of yarn used in shawl manufacturing has increased by more than Rs 150 per kg in the past few months. Acrylic yarn, which is mostly used by our industry, earlier cost Rs 240-Rs 250 per kg, but now its price has shot up to Rs 370 per kg. Despite such huge increase in our cost of production, we have not increased the rates of our products and are absorbing the losses rather than passing them on to our customers. Our repeated attempts to convince the yarn manufacturers to drop the rates have failed. They blame the rise on the increase in the rate of the raw material used b