I remember a presentation I made in China last June, where I proudly claimed that Indian textile industry would be well off even with less purchase of cotton and yarn by China. We all were buzz with optimism and were ranting the Indian consumption story.
Browsing: NITMA
Cotton spinning mills in northern India are planning to shut down one day a week. According to Chandigarh-based Northern India Textile Mills´ Association (NITMA)
Textile spinning mills of the Northern India Textile Mills’ Association (NITMA) are considering cutting back production and shutting down their mills once a week against the current trend of operating a mill 24×7.
Severe competition on global level and lack of initiatives and direction on the domestic front have made a dent in India´s textile exports with a dip in figures for FY 2014-15, diminishing the scope of achieving the cherished goals. S Joseph & M Karthik take an overall look at the scene.