City
Epaper

Fireworks industry prays Diwali does not bring doom if not boom

By IANS | Updated: August 24, 2021 15:55 IST

Chennai, Aug 24 With uncertainty continuing to loom over the sale and use of firecrackers during Diwali, the ...

Open in App

Chennai, Aug 24 With uncertainty continuing to loom over the sale and use of firecrackers during Diwali, the Indian fireworks industry production has come down drastically by 60 per cent at Sivakasi in Tamil Nadu, said industry officials.

Sivakasi in Virudhunagar district in Tamil Nadu accounts for nearly 90 per cent of the country's firecracker production, and has 1,070 firecracker units located in and around the city.

About 300,000 workers are directly employed whereas another 500,000 workers are in the allied sectors.

"The demand from North India has come down drastically as there is uncertainty about sales of fireworks during Diwali. Further the huge left over stock of last year with the wholesalers and retailers is also impacting the production this year," Rajendra Raja, Vice-President, Indian Fireworks Manufacturers' Association, told .

"Dealers in seven states have leftover stocks. Hence the demand has come down. As per the market reports, people want to celebrate Diwali with firecrackers and dealers are willing to buy. But uncertainty on being allowed to burst the firecrackers and the fear of Covid-19 third wave are preventing them from placing orders," Tamil Nadu Fireworks and Amorces Manufacturers Association

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Indian fireworks manufacturers' associationTamil nadu fireworks and amorces manufacturers associationRajendra rajachennaiSivakasiMadras mission
Open in App

Related Stories

National‘Question Kunal Kamra In Chennai’: Bombay HC To Police; Grants Protection From Arrest

NationalGold Price on April 22: Rate for 10 Grams of Yellow Metal Hits All-Time High Ahead of Akshaya Tritiya

NationalChennai: Man Saves Schoolboy from Electrocution in Waterlogged Street; Video Goes Viral

NationalGold Prices on April 13: Mumbai Tops at ₹95,670 per 10 gm, Check Full City-Wise Rates Here

NationalChennai: Class 12 Boy Jumps to Death From 4th Floor After Being Bullied by Classmates

International Realted Stories

InternationalLankan President calls PM Modi, highlights shared commitment against terrorism

InternationalPahalgam terror attack: EAM Jaishankar holds discussions with Israeli, Argentinian ambassadors

InternationalCalifornia Becomes World's Fourth-Largest Economy, Surpassing Japan

InternationalWorld leaders head to Rome for funeral of Pope Francis

TechnologyColumbia University Student Suspended for Creating AI Tool, Gets Rs 44.3 Crore Fund