Fireworks business back on track, sales of six thousand crores this year

Fireworks business back on track, sales of six thousand crores this year

The cracker industry has breathed a sigh of relief after retail crackers sold around Rs 6,000 crore on Diwali, except in the national capital. Traders are happy that there is no merchandise left for sale this year in their shop. An industry leader said sales this year have been higher than the previous two years, but in value terms, the 2022 business has been more or less similar to the business trends between 2016 and 2019.

Ganesan Panjurajan, President, of the Tamil Nadu Fireworks and Amorous Manufacturers Association (TANFAMA), said that after the outbreak of the coronavirus pandemic, the price of raw materials increased by 50 percent and has not declined to date. "Naturally, this has resulted in an increase of 30 to 35 percent in the prices of the product," he told PTI. The current retail turnover of Rs 6,000 crore is just a basic figure, it reflects aspects like price appreciation."

He said that taking into account all the factors, the current year's business in value terms has been similar to the business during Diwali from 2016 to 2019. During this period, there were sales of about four to five thousand crore rupees every year. Asked about unsold goods, Sony Fireworks Director Ganesan said, "None of us businessmen are left with any merchandise left for sale."

He said that the maximum goods were sold in Maharashtra, followed by Uttar Pradesh-Bihar region and Gujarat. Ganesan said, “Definitely, a major part of the total production was bought in Mumbai and the rest of Maharashtra.” come forward for Ganesan said, “All types of firecrackers were manufactured which fall under the category of green-crackers as per the guidelines of Supreme Court and government authorities.” The Sivakasi area in the Virudhunagar district of Tamil Nadu is the national hub of the fireworks industry.

(with language input)