Panipat’s textile hub, renowned for recycled yarn and home textiles, is reeling under the impact of a 50 per cent US tariff.
Production of bathroom towels, heavily reliant on the US market, has already slowed, with factories retrenching workers.
Industry leaders warn at least 25 per cent of jobs are at risk, and the real crisis will intensify next month.
Production of bathroom towels, heavily reliant on the US market, has already slowed, with factories retrenching workers.
Industry leaders warn at least 25 per cent of jobs are at risk, and the real crisis will intensify next month.
