There are around 500 fire work factories in Tamil Nadu, which employ more than 40,000 workers. Most of them are located in Sivakasi region, where 90% of India’s production of fire works take place. The units make around 300 varieties of fire works.
In media advertisement Associated Chambers of Commerce and Industry of India (ASSOCHAM) has expressed high concern over what it calls as vilification campaign against Indian industrial houses, by calling some of the industrial houses willful defaulters to the banks. ASSOCHAM says that several industrial houses have failed to repay the debt to the banks, inspite of their efforts and reasons beyond their control and it is unfair to describe them as willful defaulters.