Ludhiana hosiery industry witnesses losses

The Ludhiana hosiery industry business is adversely hit due to global recession and late onset of winter, which has also derailed the industry from meeting the expected growth target. The hosiery industry of Ludhiana is famous all over the world for both its low cost and quality products. The global recession, late onset of winters, increased cost of chemicals and fluctuation in the prices of dollar has cast a shadow on the growth of hosiery industry in Ludhiana.