Saturday, October 10, 2009

Polls cause slump in saree trade

ANANTAPUR, May 1: The Dharmavaram silk saree is famous for its

quality and texture. About 20,000 weavers are employed in this industry with about 1,500 shops doing business in it.
These traders are suffering due to the EC’s model code of conduct. Export business of sarees has been hit by intensified police searches on the Andhra-Tamil Nadu-Karnataka borders.
Police recently arrested merchants on the Karnataka
border while they were exporting sarees on the pretext that sarees were transported to lure voters.
The frightened businessmen have now stopped export to other states.
Tamil Nadu police allegedly seized huge stocks of sarees during their searches as elections are going
to be held there on May 13.
Heavy stocks have piled up in 1, 500 silk saree houses here. Dharmavaram silk saress merchants association president Mr Krishnamurthy said, “In Karnataka, export business has returned to normalcy as elections were completed on Thursday, but it will take
two to three months to restore business.”

No comments: