Related Keywords: Chairman T Rajkumar, drop in cotton prices, increasing yarn stock, Indian textile products, Kiran Soni Gupta, liquidity crunch, MSP operations, poor offtake, SIMA, Souther India spinning mills, TUF subsidies, Union textile commissioner
The spinning mills of southern India is currently facing inevitable liquidity crunch caused by increasing yarn stock, poor offtake and long pending TUF subsidies. Southern India Mills’ Association (Sima) chairman T Rajkumar in his interactive meeting with Union textile commissioner Kiran Soni Gupta on Monday, urged Gupta to expedite the bail-out package to save thousands of small and medium units from becoming non-performing assets.
