Panipat blanket industry faces 50% dip in domestic demand

The blanket industry in Panipat, already grappling with a slowdown in overseas markets amid Iran-Israel-US conflict, is facing a nearly 50% decline in domestic demand this season. Production has fallen by around 30-35%, while mounting raw material costs and inflation have further squeezed manufacturers. Rising polyester yarn prices, driven by surge in crude oil prices, emerged as a major concern.