Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Slowdown shades Holi colours industry in UP
Virendra Singh Rawat / New Delhi/ Lucknow Mar 11, 2009, 00:48 IST

The economic slowdown is taking a toll on the small-scale Holi colours industry in Uttar Pradesh. The industry, which is largely unorganised and with practically no quality control mechanism, is likely to take a beating of about 20 per cent this season, as against a year-on-year growth of 20 per cent.

“Due to the downturn, the turnover of the Holi colours industry is estimated to be only Rs 100 crore in UP this year, as against about Rs 124 crore last year,” Uttar Pradesh Dyes and Chemicals Association general secretary RK Saffar told Business Standard.

 Click here for Cloud Computing
 
The feedback from the association’s members had revealed a decline of about 20 per cent in sales this Holi as people have curtailed their budgets on everything, including colours, he added.

The colour units are located in Hathras, Agra, Kanpur, Ghaziabad and Mathura districts of the state. Interestingly, the Hathras industry, which is famous for original Holi colours and caters to other states including Gujarat, Maharashtra and Chhattisgarh, is largely unaffected by the slowdown and will return growth figures due to sales in other states.

“Hathras will transact business worth Rs 50 crore even this year, a growth of nearly 20 per cent. Besides, people now prefer gulal, especially herbal gulal (eco-friendly scented natural dye in different colours) over chemical colours,” said Devendra Kumar Goel, promoter of Shakti Enterprises, which purchases herbal gulal in bulk from Kanpur and Ghaziabad and re-package it in small quantities for retail sale.

While, synthetic colours are selling upwards of Rs 15 per 5 gm, gulal and herbal gulal are being sold for Rs 10 per 100 gm. Colours even contain traces of lead and cadmium. Scientific tests have verified that these cause skin abrasions, skin and eye irritation, allergy and can trigger asthma. Harmful chemicals are used to prepare synthetic dyes like Rhodamine-B (for pink/red), Malachite (green), methyl-violet (violet), Orange II (orange) and Auramine (yellow).

“Most Holi colours are chemical dyes of non-food commodities meant for textiles, paper and leather,” Saffar said.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Save over Rs.3000 with IndianOil Citibank Card
- We live for our family. have you secured them?
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Asian stocks fall as Greek bailout delay dampens mood
- Marico: Stepping into unchartered territory
- Sonalde Desai: Sons of the soil
- MCX IPO to make staff millionaires
- Double HRA for Himachal employees
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us