Owner of silver anklets are facing losses due to drop in price of silver
Three lakh workers in the silver anklet industry will be remain idle following an indefinite strike announced by the manufacturers
Salem: The nimble hands that make the jingling silver anklets of Salem will fall silent from Friday. About 3 lakh workers in the silver anklet industry will be remain idle following an indefinite strike announced by the manufacturers.Silver anklets made in Salem are sold across India and has a sizeable export market. However, the owners of the silver anklet manufacturing units claim that they are staring at heavy losses because of the sudden drop in prices of silver.
The silver anklet makers association which held an emergency meeting on Thursday demanded higher compensation for the production waste from the traders. “When the price of silver rose from Rs30,000 to 70,000 per kg, we raised the labour charges for workers from Rs 250 a day to Rs 500. However, now the price of silver has plunged to Rs35000 per kilo. And we cannot reduce the labour charges. So we are facing heavy losses,”said A. Mariappan, treasurer of the the Silver Anklet Makers Association.
The silver traders who give orders for anklets are providing an additional 70 gram of silver as production waste for every kg of silver. The silver anklet industry can overcome the present crisis only if the waste compensation provided by traders are raised from 75 grams to 110 grams for every kg of silver, he said. Different parts of the anklets from Kushboo jingle to salangai are being made by 3 lakh anklets in 50 hubs including Sevvapet, Sivapuram, Siddharkoil and Ariyakavundanur and Panangadu across Salem.
( Source : dc )
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