Ludhiana's hosiery industry suffers due to farmers' protest

The ongoing farmers' protest has adversely affected the hosiery industry of Ludhiana. Border blockade has led to minimalistic transportation of goods across states. After suffering losses for last 9 months due to corona induced lockdown, industry was expecting a boost in the deteriorating business. But the farmers' agitation has dampened their mood again. The already low profits of the industry, due to the COVID-19 lockdown, have now failed to take off in wake of the border blockade. Retail counters have also reduced their orders by 70-80%. While speaking to ANI, Pinnacle Fashion And Retail's co-founder, Akhil Sachdeva said, "The normal projection is that people are considering 50-60-% lesser business as compared to last year. But if the farmers' protest ends soon so that supplies can reach their destination as winter season is short, we get hardly 1-2 months for selling."