Ludhiana's Knitwear Industry Faces Cost Pressure

Ludhiana, known for its thriving knitwear industry, is facing a significant challenge due to the rising cost of yarn. In the past six months, yarn prices have increased by up to 40%, putting immense pressure on manufacturers. This surge in costs is likely to impact the industry's overall production and profitability. The knitwear industry in Ludhiana is a significant contributor to the city's economy, providing employment to thousands of people. The rising yarn prices have raised concerns among industry stakeholders, who are looking for ways to mitigate the impact of this price hike.