niharika times
  • National
  • Rajasthan
  • Sports
  • Cinema
  • Business
  • Recipe
No Result
View All Result
  • National
  • Rajasthan
  • Sports
  • Cinema
  • Business
  • Recipe
No Result
View All Result
niharika times
No Result
View All Result
Home India

Heavy losses in textile capital Tiruppur after fire guts many shops

sabal singh bhati by sabal singh bhati
June 24, 2023
Fire broke out in 7 wooden godowns in Pune, 8 houses and school rooms also gutted

Chennai, June 24 () A fire due to a short circuit engulfed around 50 shops in the Banyan street of Tiruppur, the textile capital of South India.

Contents +
RelatedPosts
India Remains Open to Trade Talks Amid Trump’s Tariff Increase
Rahul Gandhi Claims Modi Halted Anti-Terror Operations Due to Trump

The fire has been doused by early Saturday morning after many shops have been gutted leading to huge losses. However, there was no deaths or injuries in the fire as nearly all shops were shut down for the day.

Many international brands of repute are made at Tiruppur. The annual turnover of the Tiruppur textile industry is around Rs 50,000 crore.

Sources in the industry told that the fire has gutted around 50 shops and losses are estimated to be more than thousands of crore.

RelatedPosts

India Remains Open to Trade Talks Amid Trump's Tariff Increase

India Remains Open to Trade Talks Amid Trump’s Tariff Increase

Rahul Gandhi Claims Modi Halted Anti-Terror Operations Due to Trump

Rahul Gandhi Claims Modi Halted Anti-Terror Operations Due to Trump

A business man in Tiruppur told , “The industry is already reeling under several issues, including lack of orders in Europe due to the Ukraine-Russia war, shortage of raw materials and other issues. This loss will compound the losses of the already struggling industry.”

He also said that the exact losses will be assessed soon.

aal/khz/

Follow Niharika Times for all the big news from India and abroad. Like us on Facebook and Twitter . Always visit Niharika Times for latest news.

Tags: current india newsindia latest newsindia newsindia news onlineindian newslatest india breaking newslatest india newsLatest Newslive news indianews from indianews on indianews paper indiaNiharika TimesNiharika Times newsniharikatimesthe Niharika Timestimes news
ShareTweetSend

Related Posts

India Remains Open to Trade Talks Amid Trump's Tariff Increase

India Remains Open to Trade Talks Amid Trump’s Tariff Increase

Rahul Gandhi Claims Modi Halted Anti-Terror Operations Due to Trump

Rahul Gandhi Claims Modi Halted Anti-Terror Operations Due to Trump

Recent News

  • Digital Marketing: Essential for Success in Today’s Business Landscape
  • Samsung’s Upcoming XR Headset: Launch Date and Pricing Details
  • Rishabh Agarwal Leaves Meta’s Superintelligence Lab After Five Months
  • Perplexity Sued by Nikkei and Asahi Over Content Misuse Allegations
  • Paytm CEO Vijay Shekhar Sharma Shares Insights on The Great Indian Kapil Show
  • About Us
  • Contact Us
  • Cookie Policy
  • Corrections Policy
  • DMCA
  • Privacy & Policy
  • About
Call us: +91 97996 37175

© 2022 Niharika Times. All Rights Reserved

📰 ई-पेपर

  • National
  • Rajasthan
  • Sports
  • Cinema
  • Business
  • Recipe

© 2022 Niharika Times. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.