This year, Panipat’s textiles and blanket exports are expected to increase by 20 per cent as compared to previous years, says Preetam Singh Sachdeva, President, Panipat Industrial Association.
According to Sachdeva, there are over 125 units manufacturing blankets in the town, especially both Mink and Flamo blankets having much demand not only in domestic market as well as in other countries due to better in quality as well as prices competitive as comparing to the blankets manufactured in China. The blanket industry records an annual business worth Rs 6,000 crore in international markets, supplying goods in United States, United Kingdom, Australia and many other countries.
Vinod Dhamija, President, Chamber of Commerce & Industry, notes, since the outbreak of the corona epidemic, foreign buyers have been diverting form Chinese manufacturers to those in Panipat. The blankets offered by these manufacturers are not only cheaper but also better in quality. This is resulting in a drop in procurement from the Chinese manufactures, adds Dhamija.
Declining sales of textile goods and blanket manufacturers in China are compelling a large number of manufacturing units in the country to shut down, adds Dhamija Panipat manufacturers consume nearly 1,250 tonne thread daily with this trend growing day by day.