#Demonetisation Ire: Textile Industry in Shambles; 100 unit owners hand over Keys


If Modiji can run the country, he can also run the industry.

Amritsar, December 16: While Prime Minister Modi proposed demonetisation of Rs 500 and Rs 1000 as the first step to fight black money, counterfeit currency and terror funding; a stepping stone to cashless economy which would take India ahead the global economic race, PM missed to look inside the interiors of the Nation itself in the present times.

From farmers to manufacturers, exporters to transporters in most industries including textile and fishing frontiers have faced severe crash in their operations after the unprecedented cash shortage caused by note ban. Many units have even reported complete shutdown in the past 45 days.

The latest note-ban brunt is revered by over 100 factory owners in Amritsar who handed over their factory keys to the district administration to mark a strong protest against demonetisation.

As per Telegraph report, over 100 industrialists handed over the unit keys to the additional deputy commissioner, Tajinderpal Singh Sandhu on Wednesday in Amritsar.

“The problem is very simple. We cannot run our units any more. Let the government do it,” said Amit Dalmiya, who runs a textile processing unit in Amritsar.

“If Modiji can run the country, he can also run the industry… it is a question of survival and the situation has gone beyond us,” said Krishna Kumar Sharma, Amritsar Textile Processor Association president.

Another industrialist said: Pehli baar to aadmi par bharosa hota hi hai… baad mein pata chalta hai…. (The first time you do trust a man… then realisation dawns). They did not go into demonetisation with full planning.”

Amritsar homes around 60 textile processing units on which another 700-800 embroidery, knitting and weaving units are dependent.

“At this moment our units are running at 20 per cent of the optimum capacity…. The labour strength had to be halved because of the prevailing economic situation,” said Sharma.

After the demonetisation the units faced severe cash crunch and had to indulge in bulk cancellation of orders as they could not pay the wages in cash anymore.

“If a person manages to withdraw Rs 2,000 from an ATM, he will buy food and not clothes,” said another industrialist.

Wefornews Bureau

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