Brick industry in Uttarakhand cracks
Uttarakhand’s largest brick producing industry of Landoura, eight km from Roorkee, has been hit hard by the Centre’s demonetisation decision.
“The footfall of buyers has reduced drastically after the Centre’s demonetisation move. Only 50 to 60 trucks are now sold out every day. Our business has now dipped to 75% of normal turnover,” said Pradeep Roshian, president of district association of brick manufacturers.
Narendra Singhal Guddu, owner of Kali bhatta told that the brick business in the district has flourished since last year due to availability of fuel in the form of coal, which was earlier a big issue for them. “We purchase coal from Gujarat and the fare of coal-laden truck has to be paid in cash. One coal-laden truck costs us around Rs 70,000. Arranging so much cash has now become a problem for us,” said Guddu.