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)
Browsing: Sharad Jaipuria
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.