Panipat, Aug. 4 -- Amidst the economic slowdown in the western countries, the demand for industrial products nationally and internationally has gone down. This in turn has resulted in huge losses for the industrial units in Haryana.
As per the report by the Hindi daily Dainik Bhaskar, the foreign textiles business in Panipat has fallen by 50 per cent whereas in Rohtak, the orders for automobile parts and nut-bolts from the local markets have come down by 80 per cent.
While export orders have come down to Rs 8,000 crore annually from Rs 20,000 crore, exporters now send two containers in a week instead of ten containers previously, the report added. The domestic market has soared to Rs 54,000 crore from over Rs 90,000 crore.
The dyei...