INSUBCONTINENT EXCLUSIVE:
LONDON: Many large Indian businesses that export manmade fibre and spun-cotton yarns to Turkey fear the devastating earthquake there will
impact supply chains and their businesses.India is a large exporter of synthetic and other yarns to leading textile manufacturing centres in
Turkey, including Gaziantep and Kahramanmaras, where it gets turned into carpets, formal wear and fast fashion and exported to Europe and
elsewhere.Powerful quakes rock Turkey and Syria, rescue efforts continueGaziantep province was the epicentre of the first major earthquake
we have only been able to make contact with one
We have no idea if the factories are still standing or not
The client I spoke to said both his in-laws had both died and he had not ventured out to the factory yet
Some textile factories have gone to ground zero
This is going to impact Indian businesses
Group also buys open-end yarns from Turkey for European factories
exports from India has gone down
slowing down our production in India until the situation improves
Istanbul and Adana, said it was premature to predict the impact on his business, but it had definitely brought pressure on yarn prices
